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TWTR

Twitter

$24.00

0.95 (4.12%)

07:52
10/04/16
10/04
07:52
10/04/16
07:52

Upside potential for Twitter takeout already captured, says Susquehanna

Susquehanna analyst Shyam Patil analyzed the potential takeout range for a Twitter buyout and believes most of the potential upside has already been captured. He sees the takeout range in the $17-$24 range and with the stock trading at $24, sees little upside. Patil recommends selling Twitter before market share losses to Snap play out as its fundamentals have deteriorated significantly since going public. Patil reiterated his Neutral rating and $15 price target on Twitter shares.

TWTR Twitter
$24.00

0.95 (4.12%)

09/28/16
LOOP
09/28/16
DOWNGRADE
Target $18
LOOP
Sell
Twitter downgraded to Sell from Hold at Loop Capital
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.
09/28/16
MZHO
09/28/16
DOWNGRADE
Target $15
MZHO
Underperform
Mizuho cuts Twitter to Underperform with $15 price target
Mizuho analyst Neil Doshi downgraded Twitter to Underperform from Neutral based on valuation. The shares are up 45% since the company reported Q2 results, primarily driven by potential buyout comments in media reports, Doshi tells investors in a research note. The stock at current levels is overvalued as Twitter's business fundamentals "have deteriorated significantly" over the past 12 months, the analyst contends. Doshi believes many of the M&A scenarios are unlikely to play out. He puts potential acquirers Salesforce (CRM) and Alphabet (GOOG, GOOGL) in the "maybe" camp, but he still has some reservations about these deals happening. The analyst believes investors of both companies would view a buyout of Twitter as negative. Doshi keeps a $15 price target for Twitter shares. The stock closed yesterday up 35c to $23.72. Loop Capital this morning also downgraded Twitter to Sell.
09/28/16
SBSH
09/28/16
NO CHANGE
SBSH
Buy
Citi hopes Disney does not acquire Twitter
Citi analyst Jason Bazinet lays out four reasons for why he doesn't like Disney (DIS) pursuing an acquisition of Twitter (TWTR). Going back 15 years, the analyst can't think of a single web-based property that was successfully acquired by a traditional media firm. Two, he calls Twitter trends "troubling." Three, Bazinet estimates a cash offer would lower Disney's stock by $5 per share while an equity offer would drop its stock by $9. Four, the analyst feels it is unclear how Disney's content will help Twitter. Bazinet thinks both Yahoo (YHOO) and Twitter lost "significant money" when they streamed NFL content over the web. The analyst hopes Twitter is acquired by somebody other than Disney. He keeps a Buy rating on Disney shares. Both Loop Capital and Mizuho this morning downgraded Twitter to sell ratings.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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AAL

American Airlines

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0.18 (0.31%)

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UCTT

Ultra Clean

$24.98

1.32 (5.58%)

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T

AT&T

$37.05

0.2 (0.54%)

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Arrow Electronics

$84.26

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QD

Qudian

$12.29

0.1 (0.82%)

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CAT

Caterpillar

$168.90

0.4 (0.24%)

, ROSE

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$7.96

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CAT

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$168.90

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ROSE

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EA

Electronic Arts

$113.14

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ATVI

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BBU

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$36.62

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SYMC

Symantec

$27.52

-0.35 (-1.26%)

, JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

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SYMC

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$27.52

-0.35 (-1.26%)

JUNO

Juno Therapeutics

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23.65 (51.86%)

CMCSA

Comcast

$41.68

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FSLR

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$72.00

0.78 (1.10%)

CVX

Chevron

$131.82

-0.54 (-0.41%)

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WMT

Walmart

$103.89

1.19 (1.16%)

, HTZ

Hertz

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WMT

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Alarm.com

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PPL Corp.

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FLR

Fluor

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EXAS

Exact Sciences

$47.68

-5.27 (-9.95%)

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UCTT

Ultra Clean

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BHP

BHP Billiton

$49.15

-0.29 (-0.59%)

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MNK

Mallinckrodt

$21.19

-1.095 (-4.91%)

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TOL

Toll Brothers

$52.28

0.21 (0.40%)

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EXEL

Exelixis

$27.49

-2.16 (-7.29%)

, IPSEY

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IPSEY

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TIVO

TiVo

$14.50

0.1 (0.69%)

, GOOGL

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8.4 (0.74%)

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GOOGL

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$1,139.10

8.4 (0.74%)

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$1,131.98

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T

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SNE

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SNAP

Snap

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, FB

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FB

Facebook

$177.60

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GOOG

Alphabet

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GOOGL

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TWTR

Twitter

$23.90

-0.66 (-2.69%)

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DIS

Disney

$111.57

-0.4 (-0.36%)

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Viacom

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DIS

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$111.57

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VIA

Viacom

$37.85

0.95 (2.57%)

TWX

Time Warner

$92.36

0.1916 (0.21%)

CMCSA

Comcast

$41.68

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SPB

Spectrum Brands

$123.47

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DISH

Dish

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NFLX

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AMZN

Amazon.com

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MDXG

MiMedx

$14.09

0.15 (1.08%)

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