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Fly News Breaks for June 21, 2017
TWTR
Jun 21, 2017 | 12:30 EDT
Shares of Twitter (TWTR) have jumped today after Cleveland Research said earlier that recent feedback on the company that it has received on company strategy and execution has been the "best relative feedback in our [Twitter] research in 2+ years," which the firm reads as suggesting that fundamentals may be bottoming. The firm added, though that it doesn't necessarily think this optimism translates into greater budget allocation to Twitter in the short-term, but that it may point to more to opportunities in late 2017 and next year. Cleveland Research, which added that advertisers/partners appear encouraged by user growth, changes in ad delivery, and progress in Live content, kept a Neutral rating on the stock, which is up 5.5% to $17.84 in early afternoon trading.
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