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Fly News Breaks for July 29, 2015
TWTR
Jul 29, 2015 | 06:28 EDT
Deutsche Bank analyst Ross Sandler lowered his price target for Twitter to $50 but says his positive stance on the stock is unchanged following the company's Q2 results. The 40% selloff over the past quarter factors in management's "muted tone" toward growing monthly active users, Sandler tells investors in a post-earnings research note. He views the stock's risk/reward as favorable at current levels. Shares of Twitter traded down $4.56 to $32.00 last night. Sander keeps a Buy rating on the name.
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