Analyst who nailed Twitter’s sell-off just upgraded the stock to buy
“MKM Partners’ Rob Sanderson downgraded Twitter in June 2015 shortly before the stock would be cut in half on disappointing user growth and advertising revenue” writes John Melloy for cnbc.com. But now he is positive, upgrading the stock to buy from neutral on Friday with a note titled, “Twitter is Here to Stay and Still Has Mass Market Potential.”. Sanderson also set a $40 12-month price target on the stock, 27 percent higher than where it closed on Thursday. Source: cnbc.com Share This:
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