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By Julie Verhage, Jan 13, 2016 Bloomberg
Wall Street firm Mizuho Securities initiated coverage with a neutral rating and a price target of $21, meaning that a recovery to the days when Twitter traded above $70 isn't expected to happen soon. Here's more from the note:
"We believe that Twitter is a unique online asset which has the pulse on real-time data, expression, and sharing. However, Twitter has failed to communicate its value to the broader user base and has struggled with product execution in the past, all while competition for incremental ad dollars continues to intensify. For us to get more constructive on the stock, we need to see sustained user growth, better product execution, and margin improvement."
Read More: http://www.bloomberg.com
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