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Fly News Breaks for October 17, 2019
Oct 17, 2019 | 16:36 EDT
MKM Partners analyst Rohit Kulkarni assumed coverage of Twitter with a Neutral rating and $44 price target. The company's turnaround is "still in its early innings" as its active user base has stabilized and started to grow again, Kulkarni tells investors in a research note. However, with the shares up 40% year-to-date, the analyst prefers to wait for a better entry. He says tougher upcoming comps and elevated expectations keep him on the sidelines for now. MKM had a Buy rating on Twitter before stopping coverage of the name in 2018.
News For TWTR From the Last 2 Days
Feb 23, 2020 | 07:26 EST
Twitter said it had started suspending and restricting dozens of accounts posting content promoting U.S. Democratic presidential candidate Michael Bloomberg, Reuters' Elizabeth Culliford writes. "We took enforcement action on about 70 accounts, which includes a combination of permanent suspensions and account challenges to verify ownership," a Twitter spokeswoman said in a statement to Reuters. Reference Link