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Fly News Breaks for February 1, 2016
TWTR
Feb 1, 2016 | 07:21 EDT
Canaccord lowered its price target on Twitter to $25 from $38 as they reset expectations after last week's management shake-up. The firm also lowered estimates on slowing user growth and a decline in user engagement. Canaccord maintained its Buy rating on Twitter shares, citing its compelling valuation and the view that the current share price reflects low expectations.
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