Attention Whore at Morgan Stanley Ups $FB Target to $160

This is the biggest nothing burger in the history of nothing burgers. But Brian Nowak woke up today wanting to be talked about, perhaps interviewed on the teevee, so he moved the goal post on his FB target to an absurd $160 from $150, in spite of the fact that he concedes that ad load growth is likely to slow.

Via The Fly on the Wall:

Morgan Stanley analyst Brian Nowak said he disagrees with worries that an ad load growth slowdown in the second half will lead to material revenue deceleration at Facebook, saying he expects user, engagement, and pricing growth to drive revenue and adjusted EPS in 2017 to top Street estimates by 6% and 10%, respectively. While Nowak concedes that ad load growth is likely to slow, he tells investors in a research note that Facebook’s large and growing scale and engagement are even more important and that ad pricing has room to grow. The analyst, who raised his price target on Facebook shares to $160 from $150, keeps an Overweight rating on the shares.

The fucking primadonna analysts on Wall Street, who stock the stables at the investment banks, are a zealotry sort who occupy a very low profession as a whole. They’re professional clowns who masquerade as pseudo intellectuals, carrying water for the team, whilst possessing a faux ethical code of conduct that is laughably dismissed at every cocktail party from NYC to San Francisco.

Good morning.