Fly News Breaks for October 17, 2019
Oct 17, 2019 | 16:13 EDT
MKM Partners analyst Rohit Kulkarni assumed coverage of Twitter with a Neutral rating and $44 price target.
News For TWTR From the Last 2 Days
Nov 18, 2019 | 07:05 EST
BMO Capital analyst Daniel Salmon lowered his price target on Twitter to $33 to reflect his model changes following the disappointing Q3 earnings that were driven by "weaker seasonal results and bugs in the ad platform". The analyst notes that the latter issues proved to be even more material than he had previewed and maintains his Market Perform rating to reflect Twitter's low near-term visibility. Salmon still believes that the stock remains "intriguing" longer term as its mDAU growth continues to accelerate into 2020.