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Facebook new investment stock rose 2%

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By Benjamin Pimentel

SAN FRANCISCO (MarketWatch) — Facebook Inc.’s (NASDAQ:FB) stock rose more than 2% Monday, after Capstone Investments raised its rating to buy from hold with a price target of $26.

In a note, analyst Rory Maher cited potential “upside to the company’s core business and potential returns from new businesses the stock price currently does not give the company credit for.” Maher added, “Over the long-term we see social media carving a strong position as a media and advertising category, but don’t expect Facebook to create a new ad product, like search, that essentially redefines the online industry and steals major share from other ad categories.” After falling in early trading, Facebook was last up 2.4% at $19.53