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Fly News Breaks for September 3, 2015
TWTR
Sep 3, 2015 | 07:54 EDT
Canaccord analyst Michael Graham lowered his price target on Twitter (TWTR) to $40 from $45 after lowering his multiple on the stock to acknowledge the greater risk associated with its lack of MAU visibility, noting management guidance to not expect an acceleration of MAU's for some time. The analyst, who believes the acceleration can be helped by the integration with Google (GOOG) that surfaces real-time Tweets in search results, reiterated his Buy rating on Twitter shares.
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