Meta Platforms assumed with Buy from Neutral at Citi

$Citigroup(C.US)$ analyst Ronald Josey upgraded $Meta Platforms(FB.US)$ Platforms to Buy from Neutral with a price target of $300, up from $258, after assuming coverage of the internet sector. The analyst's top picks in the internet sector are Amazon, Snap, Airbnb, and DoorDash, saying they are all leaders in their respective categories that continue to innovate with newer products and services by improving people's lives through convenience, social/entertainment, or travel. The broader sector is "healthy" as consumer engagement online continues to be more immersive and grow, say Josey, who sees "multiple vectors ahead for sustained growth."