TWTR: Twitter Stock Flutters Higher on Morgan Stanley Upgrade

Twitter shares have stumbled badly recently

   

TWTR: Twitter Stock Flutters Higher on Morgan Stanley Upgrade

Despite recent declines in Twitter‘s (TWTR) share price, at least one Wall Street bank is offering a more positive outlook on the struggling social media stock.

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On Thursday, Morgan Stanley (MS) raised its rating for TWTR stock from “Underweight” to “Equal Weight.” MS had cut its rating for Twitter to “Underweight” earlier this year, Seeking Alpha notes.

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Investors liked the news, sending TWTR stock more than 3% in Thursday morning trading.

TWTR shares have fallen sharply since their November debut. Slowing user growth and weaker-than-expected quarterly results have sent TWTR stock slumping this year.

In January, TWTR stock was trading around $69 a share. On Wednesday, Twitter closed at $30.66 per share.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/twtr-twitter-stock-flutters-higher-morgan-stanley-upgrade/.

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