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Sector Update: Technology

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Technology shares are lower in pre-bell trading, while Facebook Inc. ( FB ) has been downgraded by analysts at Raymond James to Outperform from Strong Buy.

Despite the downgrade, the firm has raised its price target on the stock to $56 from $39 a share.

Shares of FB are down 0.74% to $50.67, backing away from the top of their 52-week range of $18.80 - $51.60.

And, Apple Inc. ( AAPL ) has been upgraded by analysts at Jefferies to a Buy from a Hold, while the price target on the stock was raised to $600 from $425.

In pre-market activity, shares of AAPL are up 0.71% to $486.45, within a 52-week spread of $385.10 - $666.00.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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