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Fly News Breaks for July 27, 2016
TWTR
Jul 27, 2016 | 07:53 EDT
As previously reported, Canaccord downgraded Twitter to Hold from Buy following Q2 results. The firm said the results were mixed with MAU's in-line with expectations but sees declining Q3 margins and trends impacting Q3 results. Canaccord sees the downside limited but also sees the character of the potential turnaround as changed over the past two quarters from fixing the product to building a live mobile video business. Canaccord lowered its price target to $16 from $20 on Twitter shares.
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