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Twitter Inc (TWTR) Shares Surge On Analyst’s Upgrade

The shares of Twitter Inc (NYSE:TWTR) are trading higher after receiving a positive recommendation from an analyst at SunTrust Robinson Humphrey today. The analyst upgraded his rating on the stock from Neutral to Buy.

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The stock price of Twitter surged nearly 5% to $28.14 per share at the time of this writing, around 1:39 PM in New York.

Twitter stock decline: a buying opportunity

In a note to investors, SunTrust analyst Robert Peck emphasized that recent decline of Twitter share—below its initial public offering (IPO) price provided a “buying opportunity.”

He also believed that the Twitter has an attractive valuation, and potential leadership, board stabilization, and monetizations catalysts are coming shortly.

According to Peck, “We are upgrading TWTR to Buy from...