Twitter (TWTR) PT Cut to $26 by SunTrust's Peck Following Reports of Management Shake-Up

SunTrust Robinson Humphrey analyst Bob Peck lowered his price target on Twitter, Inc. (NYSE: TWTR) to $26.00 (from $34.00) following reports that Katie Stanton, Kevin Weill, and Alex Roetter would be leaving and an impending announcement of a new CMO and two new board directors. The firm maintained a Buy rating.

Peck notes that should these executives leave, it would represent ~66% of the original executives that presented to investors at the Analyst Day.

"While we never like to see executive turnover and one could infer that there are product and media concerns in the ST, we continue to think that LT Twitter presents an interesting opportunity for investors," he said.

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 $17.84 yesterday.

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