Twitter: Susquehanna downgrades stock
(CercleFinance.com) - On Friday Susquehanna downgraded its rating on Twitter shares from "positive" to "neutral", cutting its target price for them by 10% from 50 el to 45 dollars.
In its short comments, the broker supports its decision by the takeover bid for the social media company, the uncertainty and disruption that the deal entails, as well as the group's recent financial results and the limited visibility that currently characterises its business.
The share closed up 3.5% at about 42.5 dollars on Friday.
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