TWTR: Twitter Gets Second Upgrade in Two Days

by Christopher Freeburn | May 9, 2014 11:37 am

TWTR: Twitter Gets Second Upgrade in Two Days

On Friday, Twitter (TWTR[1]) received its second vote of confidence[2] from a Wall Street bank in as many days. TWTR stock climbed about 2% in morning trading.

Twitter630 300x227 TWTR: Twitter Gets Second Upgrade in Two Days[3]An analyst at Bank of America (BAC[4]) 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[5]) upgraded TWTR stock[6] 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:

Endnotes:
  1. TWTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWTR
  2. 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
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/09/Twitter630.png
  4. BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
  5. MS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MS
  6. upgraded TWTR stock: http://investorplace.com/2014/05/twtr-twitter-stock-flutters-higher-morgan-stanley-upgrade/#.U2z0dV5hOf0
  7. Twitter – TWTR stock falls into the abyss, now what?: http://investorplace.com/2014/05/twitter-stock-twtr-first-hour/
  8. TWTR Stock Not Done Suffering From Twitter Fatigue: http://investorplace.com/2014/04/twtr-stock-twitter-earnings-fatigue/
  9. TWTR: Twitter Buys Long-Time Data Partner Gnip: http://investorplace.com/2014/04/twtr-twitter-buys-long-time-data-partner-gnip/

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