Aegis Capital Starts Twitter, Inc. (TWTR) at Sell

Aegis Capital initiates coverage on Twitter, Inc. (NYSE: TWTR) with a Sell rating and a price target of $14.00, citing management departures, weak ad checks, Instagram/SnapChat competition.

Analyst Victor Anthony commented, "We are initiating coverage of Twitter with a Sell rating and a $14 price target. We love the product and use it multiple times a day. However, we have become increasingly concerned by: 1) continual management departures, 2) challenges growing usage at a meaningful pace, 3) challenges growing advertising revenues at a growth rate that reflects the stock’s multiple, and 4) rising competition from Instagram and Snap Inc. We see these challenges as insurmountable in the near-term."

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 $16.30 yesterday.

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