SunTrust's Peck Downgrades Twitter, Inc. (TWTR) to Neutral

SunTrust Robinson Humphrey Robert Peck downgraded Twitter, Inc. (NYSE: TWTR) from Buy to Neutral with a price target of $50.00 (from $58.00) saying the short term risk/reward is less favorable.

Peck commented, "We think sentiment heading into Tuesday’s 1Q ’15 earnings report is equally divided, with Bulls excited about recent product improvements and MAU net add growth, while Bears are more concerned on 2Q guidance for users and monetization. We note the stock has climbed ~23% since the last earnings report (+29% over 3 months vs. S&P +3%). While we are big believers in the long-term opportunity in front of Twitter and believe the company will report a strong Q1, we are lowering our rating to Neutral as we think the negative risks create enough concern and likely result in a range-bound stock in the near term. We lower our target to $50 from $58"

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 $50.82 yesterday.

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