Twitter Stock Wins 2 Buy Ratings: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Little-known Summit Redstone and giant JPMorgan both love Twitter.
After underperforming for most of the year, shares of Twitter (NYSE: TWTR) stock are leaping ahead to outperform the S&P 500 in the waning days of 2017. For this you can thank friendly analysts at two Wall Street banks, Summit Redstone (which S&P Global Market Intelligence tells us is a division of WR Hambrecht) and JPMorgan Chase, both of which rated Twitter a buy this morning.
Source: Fool.com