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Fly News Breaks for September 26, 2016
TWTR
Sep 26, 2016 | 15:50 EDT
Pivotal Research analyst Brian Wieser said the prospect of an acquisition of Twitter (TWTR) seems increasingly likely as media outlets continue reporting on its sale process and adding the names of additional potential suitors. The analyst reduced the cost of capital embedded in his Twitter model to a point closer to many of its potential reported acquirors, resulting in him raising his price target on Twitter shares to $27 from $22.
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