IPO Stock Watch: Twitter Pops 11% On Analyst Upgrade

By | May 28, 2014

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Twitter (TWTR) stock rose nearly 11%, to 33.77, in heavy trading Wednesday as Nomura Equity raised its rating to buy from neutral, with a price target of 43. Twitter stock, though, is still 55% off its high of 74.73, set on Dec. 26. “We believe that the market has now priced in the expectation that Twitter remains a niche social media product,” wrote Nomura analyst Anthony DiClemente. “We believe risk/reward is much more favorable now, given the Scalper1 News

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