TWTR – Twitter Stock Slides After Another Downgrade

Twitter shares are down over 2% today

   

TWTR – Twitter Stock Slides After Another Downgrade

Twitter (TWTR) shares are down about 2.5% after getting slapped with yet another downgrade.

Twitter185 TWTR   Twitter Stock Slides After Another DowngradeCantor Fitzgerald analyst Youssef Squali downgraded TWTR from ‘hold’ to ‘sell,’ giving Twitter stock its third downgrade in the last two weeks. Mr. Squali said that the microblogging site usually gives ‘sell’ rating to business models with structural challenges. He added that Cantor Fitzgerald find “Twitter’s valuation to be excessive and currently see materially more downside than upside.”

Morgan Stanley (MS) downgraded TWTR to ‘underperform’ over concerns regarding the crowded online advertising market. Twitter was also slapped with an ‘underperform’ downgrade from Macquarie on Dec. 27, also nothing that valuation is excessive.

20 of the 26 analysts covering Twitter have “hold” or “sell” ratings on the stock.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/twtr-twitter-stock-2/.

©2014 InvestorPlace Media, LLC

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