Wunderlich Securities Says Quiet Period is About to End for Twitter

In a report published Friday, Wunderlich Securities analyst Blake T. Harper reiterated a Sell rating and $34.00 price target on

. In the report, Wunderlich Securities noted, “The quiet period for Twitter, Inc. (TWTR) expires on Monday, December 2, and we would expect new initiation reports and estimates to be introduced next week. At the time of the company's IPO, media reports on the underwriter analysts' average FY14 and FY15 revenues estimates are now well below the consensus. Also, Twitter has been focused on expanding its TV integration with new products and taking advantage of the seasonally strong Q4 period for retail advertisers that should coincide with a peak of shopping-related tweets on Black Friday. Twitter also likely benefited from a lot of brand exposure during its IPO process that led to some new users and customers signing on to be seen at the forefront of a new and popular medium.” Twitter closed on Wednesday at $40.90.