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NEW YORK (

TheStreet

) -- Shares of

Sony

(SNE) - Get Sony Corp. Report

soared 6.05% to $14.37 on Friday after a

Nikkei report

said the electronics and entertainment producer plans to take a large stake in

Olympus

, which is still suffering from last year's accounting scandal.

Facebook

(FB) - Get Meta Platforms Inc. Class A Report

continued to rally on Friday, after Nomura

initiated coverage

on the social network with a "buy" rating and a $40 price target.

Shares rose sharply -- 2.98% -- in Friday trade reaching $32.79. The social network has climbed almost 9.5% since Monday.

TheStreet Recommends

Citigroup

(C) - Get Citigroup Inc. Report

maintained its "buy" rating of

Google

(GOOG) - Get Alphabet Inc. Class C Report

on Friday morning, but lowered its price target from $750 to $740, reflecting potential effects of macro uncertainty and currency weakness.

At its annual shareholders meeting on Thursday, Google defended its $12.5 billion acquisition of

Motorola Mobility

saying it was about more than simply gaining access to mobile phone marker's

broad portfolio of patents

, according to

The Wall Street Journal

. "We bought Motorola for the sum of patents, products and people," Executive Chairman, Eric Schmidt, reportedly said at the meeting.

Despite Citi's concerns, the search-engine giant gained .29% to $566.84 on Friday.

Shares of

Research In Motion

(RIMM)

tumbled by 1.74% to $9.90 on Friday as investors anticipate

disappointing first-quarter earnings

.

Analysts polled by

Thomson Reuters

expect Research In Motion to earn 1 cent per share on $3.149 billion in revenue. Earnings will be released Thursday, June 28, after the close of trading.

--Written by Nathalie Pierrepont in New York.

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