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Fly News Breaks for October 5, 2015
TWTR
Oct 5, 2015 | 08:54 EDT
As previously reported, Axiom analyst Victor Anthony upgraded Twitter to Buy from Hold but trimmed his price target on the stock to $37 from $40. Anthony expects the naming of a permanent CEO will bring stability and that the launch of Project Lightning and a new marketing plan should drive user growth and engagement in 2016. The analyst said he is "fine" with Dorsey keeping a dual role as CEO of Square to see the IPO through to completion, but believes he will need to step away to focus solely on Twitter at "some point."
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