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Twitter Stock Still Reacting to Morgan Stanley Downgrade?

Shares of Twitter Inc. (NYSE: TWTR) tumbled 4% Monday following a downgrade to Underweight by Morgan Stanley (NYSE: MS). The stock continues its slide today, dropping another 6.5% with no other news driving the price.

Perhaps even worse than the downgrade, the Morgan Stanley analyst put a price target of $33 on the stock, down roughly 50% from yesterday’s closing price. The reason...