Morgan Stanley upgrades Twitter on ‘improving user growth’

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A top Wall Street firm is getting more optimistic on Twitter's prospects. Morgan Stanley raised its rating for Twitter shares to equal-weight from underweight, predicting better ad sales growth this year. "Constructive advertiser conversations, improving user growth, and positive revisions make [Twitter …

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Twitter +2.5% on Morgan Stanley upgrade

Morgan Stanley upgrades Twitter (NYSE:TWTR) from Underweight to Equal Weight and raises the price target from $28 to $29, a 1.5% upside to yesterday's close. Analyst Brian Nowak cites constructive conversations with advertisers, improving user numbers, and positive revisions that make shares “a … Read More Share this NewFacebookTwitterGoogle+LinkedIn