Twitter +3% on Morgan Stanley upgrade

Morgan Stanley is going contrarian on Twitter (TWTR), upgrading shares to Equal Weight a day after they temporarily cracked $30 in the wake of a lockup expiration and a disappointing Q1 report.

Citing tough online ad competition, MS had downgraded Twitter to Underweight on Jan. 6, when shares were at $69.

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Comments (2)
  • benitus
    , contributor
    Comments (3473) | Send Message
    I normally don't trust what these analysts at big banks say but in this case, I will make an exception, since they made the right to sell at $69, which was a no-brainer, as I had been shorting it since its peak at $74 (I think). The call to BUY is also a no-brainer, as any price below $35 is a good price to buy into TWTR.
    8 May 2014, 09:50 AM Reply Like
  • 2OLD469
    , contributor
    Comments (3) | Send Message
    8 May 2014, 10:56 AM Reply Like
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