Twitter upgraded after shares lose a third of their value from June high

Twitter upgraded after shares lose a third of their value from June high

5 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/07/31/twitter-upgraded-by-nomura-instinet.html

Wall Street's expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company's stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday.

"Dealing with traffic and content quality on these platforms as well as protecting users' privacy comes at a cost and is likely to be an area of debate for several quarters, but we believe Twitter's health initiatives will likely benefit the greater platform over time," analyst Mark Kelley said in a note to clients.