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Fly News Breaks for September 28, 2016
TWTR
Sep 28, 2016 | 07:31 EDT
Loop Capital analyst Blake Harper downgraded Twitter to Sell from Hold, as he believes that while the company may eventually get a takeover bid that any offer is unlikely to offer a meaningful premium from the stock's current price. The "swift manner" in which Twitter began shopping itself could be a warning sign that another disappointing earnings report is coming and there is more downside risk than upside potential if a deal falls through, said Harper, who keeps an $18 price target on Twitter shares.
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