One Wall Street Firm Just Gave Clients Seven Slides Showing Why They Should Sell Twitter
#Sell
Is There a Deal in the Pipeline for Twitter?
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Shares of Twitter Inc. have fallen more than 50 percent over the past year, but at least one Wall Street firm says they have another 20 percent to go.
Stifel analyst Scott Devitt and his team just sent out an updated note to clients with seven slides showing why they no longer recommend holding the stock. "We are returning our rating on Twitter shares back to where it should have been all along – Sell," they write. "Twitter is a product that has never fully developed into a sustainable public company due to either poor strategy, poor execution, or that it was never destined to be one."