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Analysts catch up with Facebook rally

That chorus of boos you heard following Facebook Inc.’s problem-plagued initial public offering last year has turned into a chorus of cheers now that the stock is glowing red-hot: The shares have doubled since July, to about $51 (U.S.), and analysts are now scrambling to get ahead of the rally.

Deutsche Bank raised its target price to $62 from $43 previously, and UBS raised its target to $60 from $45 – both with accompanying “buy” recommendations, naturally.