TWTR: Twitter Gets Second Upgrade in Two Days
Morgan Stanley upgraded the stock on Thursday
On Friday, Twitter (TWTR) received its second vote of confidence from a Wall Street bank in as many days. TWTR stock climbed about 2% in morning trading.
An analyst at Bank of America (BAC) raised his rating for Twitter stock from “Underperform” to “Neutral,” citing Twitter’s accelerating quarterly active user growth. Bank of America has a $36 price target for Twitter shares, Benzinga notes.
Yesterday, Morgan Stanley (MS) upgraded TWTR stock from a rating of “Underweight” to “Equal Weight.” The move sent Twitter stock higher during the day.
Twitter stock closed a $31.96 per share on Thursday.
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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/twtr-twitter-gets-second-upgrade-two-days/.
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