Twitter Shares Gain 2% After Analyst Upgrade To Buy From Neutral

By Caitlin HustonMarketWatch Pulse

Shares of Twitter gained 2% Monday morning after Monness, Crespi, Hardy & Co. analysts upgraded the company to buy from neutral. The analysts cited Twitter's recent positive stock moves and the idea that the "worst will soon be behind Twitter." "We believe now is the time to pivot to a positive outlook on the stock," the analysts said. The analysts set a new price target of $35. The analysts noted that Twitter does still face "uncertainty" due to pending changes to the platform, chief executive changes and slowed user growth. Shares of Twitter have fallen 23% in the past month compared to the S&P 500's gain of 0.1%

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