Twitter stock downgraded to sell at CFRA

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CFRA analyst Scott Kessler downgraded shares of Twitter Inc.
TWTR, -8.57%
to sell from hold on Monday, though he raised his price target to $37 from $29. The stock recently changed hands at $42.62 and is down 8.6% in Monday trading. Shares are on pace for their worst single-day performance since March. CFRA’s Kessler cited a Washington Post report from Friday that discussed how Twitter was suspending fake accounts at a faster pace than it was late last year. “Twitter had 336 million monthly active users in Q1,” he wrote. “We wonder about potential negative impacts on pricing and revenue.” Twitter shares are up 135% over the past 12 months, while the S&P 500
SPX, +0.66%
has gained 14%.


http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/o8OQL2qKzSY/story.aspx

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