A new survey shows that microblog Twitter (TWTR) will experience lingering trouble with user growth well into 2016, according to an analyst report. The projection comes as Twitter entered yet another new management era on Wednesday, as Twitter co-founder and Chairman Jack Dorsey officially stepped into the role of interim CEO, replacing embattled CEO Dick Costolo. Costolo announced last month that he would step down effective July 1 following
Oppenheimer on Wednesday raised its price target on AT&T (T) amid a recent flurry of upgrades for AT&T stock, though shares in the phone company have weakened since hitting an 11-month high of 36.45 on Thursday. Tim Horan, an analyst at Oppenheimer, raised his price target to 40 from 36, citing expected synergy from the proposed acquisition of satellite broadcaster DirecTV Group (DTV), which could close next week. RBC Capital on Tuesday upped its
Teladoc (TDOC) dialed up a solid IPO performance Wednesday as shares of the provider of a health care services platform jumped in their first day of trading. Teladoc was the top performer of four initial public offerings that started trading Wednesday and combined raised $390 million. Teladoc raised $158 million, offering 8.3 million shares at 19, above its expected range of 15 to 17. Teladoc stock was up 67%, near 30.50, in morning trading on the