TWTR: Twitter Gets Second Upgrade in Two Days
by Christopher Freeburn | May 9, 2014 11:37 am
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.
More Twitter News:
- Twitter – TWTR stock falls into the abyss, now what?
- TWTR Stock Not Done Suffering From Twitter Fatigue
- TWTR: Twitter Buys Long-Time Data Partner Gnip
- TWTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWTR
- received its second vote of confidence: http://www.benzinga.com/analyst-ratings/analyst-color/14/05/4542402/update-bank-of-america-upgrades-twitter-suggests-12-5-up
- [Image]: http://investorplace.com/wp-content/uploads/2013/09/Twitter630.png
- BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
- MS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MS
- upgraded TWTR stock: http://investorplace.com/2014/05/twtr-twitter-stock-flutters-higher-morgan-stanley-upgrade/#.U2z0dV5hOf0
- Twitter – TWTR stock falls into the abyss, now what?: http://investorplace.com/2014/05/twitter-stock-twtr-first-hour/
- TWTR Stock Not Done Suffering From Twitter Fatigue: http://investorplace.com/2014/04/twtr-stock-twitter-earnings-fatigue/
- TWTR: Twitter Buys Long-Time Data Partner Gnip: http://investorplace.com/2014/04/twtr-twitter-buys-long-time-data-partner-gnip/
Source URL: http://investorplace.com/2014/05/twtr-twitter-gets-second-upgrade-two-days/
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