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Pivotal Research Downgrades Twitter (TWTR) to Sell

July 30, 2014 6:52 AM EDT
Get Alerts TWTR Hot Sheet
Price: $53.70 --0%

Rating Summary:
    10 Buy, 47 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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Pivotal Research downgraded Twitter, Inc. (NYSE: TWTR) from Hold to Sell with a price target of $38.00 (from $37.00).

Analyst Brian Wieser said, "Twitter reported a reasonably good 2Q14 vs. our expectations, lower on revenues but better on margins. However, results were well-above consensus, which was barely above the high end of guidance. And despite positive margin trends, the company affirmed no change to long-term goals. While this was all well and good – it leads us to raise our price target to $38 from $37– it wasn’t enough to warrant a nearly 30% rise in the stock’s price from prior levels on significant volume in the after-market. Thus, we are downgrading the stock back to Sell."

For an analyst ratings summary and ratings history on Twitter, Inc. click here. For more ratings news on Twitter, Inc. click here.

Shares of Twitter, Inc. closed at $38.59 yesterday.



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