Twitter Analyst Support Piles Up as Turnaround Gains Steam
- Stock ugraded by at least six analysts since late October
- Facebook news feed change seen boosting Twitter’s importance
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Twitter Inc. is accumulating likes from some of its most important followers: Wall Street analysts.
The social media company, in the third year of Chief Executive Officer Jack Dorsey’s turnaround effort, has been upgraded by at least six analysts since reporting better-than-expected third-quarter results in late October. That’s helped fuel a more than 40 percent rally in the stock.