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UPDATE: JP Morgan Upgrades Twitter Inc

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UPDATE: JP Morgan Upgrades Twitter Inc
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In Thursday's morning summary, JP Morgan upgraded Twitter Inc (NYSE: TWTR) from Neutral to Overweight and raised the price target from $54 to $64.

The upgrade comes due to increased confidence that Twitter, a primary beneficiary of the shift to mobile advertising, will continue to grow not only its user base but also its user engagement. JP Morgan believes this will be done through the combination of its onboarding efforts, rich content and content organization.

Amid the upgrade, shares of Twitter are trading up just under 2 percent Thursday morning.

Latest Ratings for TWTR

DateFirmActionFromTo
Mar 2017BarclaysInitiates Coverage OnUnderweight
Feb 2017CitigroupDowngradesNeutralSell
Feb 2017Loop CapitalDowngradesHoldSell

View More Analyst Ratings for TWTR
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Posted-In: JP MorganAnalyst Color News Upgrades Price Target Analyst Ratings

 

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