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Facebook hits record high as Citibank upgrades stock

Inside the Market’s roundup of some of today’s key analyst actions. This post will be updated with more analyst commentary during the trading day.

Facebook Inc. shares are trading at their highest level ever this morning as Citibank turned decidedly more bullish on the stock.

It upgraded the social media giant to "buy" from "neutral" today, while raising its price target all the way to $55 (U.S.) from $32.