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Analyst Updates: Facebook Inc (NASDAQ:FB), Verizon Communications Inc. (NYSE:VZ), Angie’s List Inc (NASDAQ:ANGI)

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Analysts at Oppenheimer have raised their price target on shares of social media network Facebook Inc (NASDAQ:FB) to $90 from $79 a share, while maintaining their outperform rating on the stock. The price target boost represents a potential upside of 26% from the stock’s Wednesday closing price.

In Thursday’s pre-market session, shares of FB have surged 7.66% to $76.75, moving above their 52-week frame of $26.05 – $72.59.

FBR Capital Markets analysts have upgraded their coverage of telecommunications company Verizon Communications Inc. (NYSE:VZ) to an outperform rating from market perform.

The firm set its price target on the stock at $57 a share, which represents a potential upside of 12% from its Wednesday close. Shares of VZ have edged down 0.14% to $50.84 in Thursday’s pre-market session, amid a 52-week trading range of $45.08 – $51.94.

Angie’s List Inc (NASDAQ:ANGI), a website containing crowd-sourced reviews of local businesses, has been downgraded by analysts at Bank of America/Merrill Lynch to a neutral rating from a buy. The firm also lowered its price target on the stock 25% to $12 from $16 a share.

The downgrade and price target reduction come the day after ANGI reported a greater-than-expected loss for Q2 2014. The company also issued Q3 revenue guidance of $80.5 million to $82.5 million, below analyst expectations of $86.6 million.

In Thursday’s pre-market activity, shares of ANGI have plunged 21.53% to $7.98, falling below their 52-week regular session trading range of $9.60 – $27.48.

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