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Fly News Breaks for July 29, 2015
TWTR
Jul 29, 2015 | 07:33 EDT
JPMorgan analyst Doug Anmuth lowered his price target for Twitter to $50 but keeps an Overweight rating on the name following the company's Q2 results. The quarter did not contain many surprises, just a clear acknowledgement from management that meaningful monthly active user growth will take time, Anmuth tells investors in a research note. He sees more value to the platform, but admits Twitter remains a "show-me story."
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