SunTrust Robinson Humphrey Upgrades Twitter, Inc. (TWTR) to Buy

SunTrust Robinson Humphrey upgraded Twitter, Inc. (NYSE: TWTR) from Neutral to Buy with a price target of $38.00, saying sentiment is low and they see a catalyst soon.

Analyst Robert Peck commented, "We are upgrading TWTR to Buy from Neutral. Given sentiment has washed out (stock down ~50% from 1Q'15-end), a series of positive catalysts, and attractive valuation with a strategic floor, we are cautiously optimistic."

He added, "Our upgrade is predicated on a quick mgmt. clarification (likely ~Labor Day) and execution. Importantly, we believe the 2nd derivative is now positive (i.e. more upside potential than down). While TWTR has near term challenges and our ests are inline with St., we think user metrics have at least stabilized and can grow from the below catalysts."

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 $26.83 yesterday.

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