Nomura/Instinet Upgrades Twitter, Inc. (TWTR) to Neutral
Nomura/Instinet upgraded Twitter, Inc. (NYSE: TWTR) from Reduce to Neutral with a price target of $31.00.
Analyst Mark Kelly comments "With shares down -34% from the 52-week high and -27% since reporting 2Q18 last Friday (July 27th), we believe expectations have been appropriately reset. We see several key positives underway but also some unanswered questions that need to be examined as the company moves forward. On balance, we believe the risk-to-reward profile is balanced at current levels..."
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Shares of Twitter, Inc. closed at $31.90 yesterday.