Twitter upgraded to outperform at Raymond James

Twitter Inc. was upgraded to outperform from market perform Tuesday at Raymond James. The analysts established a $25 price target. The analysts say that Twitter’s risk reward is attractive right now, and that the company’s strategies, including simplifying how users can see tweets and conversations, as well as monetization efforts, could drive user growth and revenue in the future. The analysts added that they see recent insider buying from executives such as Twitter Chairman Omid Kordestani as positives. Shares of Twitter were up 2% in early trade Tuesday.

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From:: Stock Market News

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