Twitter Shares Rise After Stock Is Upgraded To Buy From Neutral At BTIG

By Caitlin Huston Markets MarketWatch Pulse

Shares of Twitter Inc. rose 3% in premarket trade Wednesday after the stock was upgraded to buy from neutral at BTIG. The analysts said their upgrade was based on the belief that Twitter's daily active user growth is accelerating as Twitter has taken center stage following the U.S. presidential election. Still, the analysts say they do not expect that increase to be immediately reflected in the company's financial results as Twitter still has to overcome Twitter's user growth issues in 2015 and 2016. Twitter reports fourth-quarter earnings Thursday before the market opens. Shares of Twitter have fallen 1% in the past three months, while the S&P 500 has gained 7%.

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