Twitter Inc. was downgraded to hold from buy at S&P Global as analysts expressed concern over social competition. The analysts said Twitter stock was close to their $21 price target but that the stock hasn’t been performing consistently. They expect competition from Facebook, especially in news and live video, as well as Instagram and Snapchat taking up a larger portion of market share. Twitter’s live-streaming deals will not have “much of a positive financial impact,” they say. Shares of Twitter were down 1% Tuesday, compared to the S&P 500’s drop of less than 1%.
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