Twitter Inc. shares traded higher Thursday after a so-called double upgrade for the microblogging website from Bank of America Merrill Lynch.
BAML analyst Justin Post upped his rating on the stock two notches, to "buy" from "underperform", with a price target of $39 per share, firmly ahead of the Street consensus of $33.11. The change followed a price target reduction from analysts at Cowen & Co., who lowered their estimate by $2 to $25 a share, and from JPMorgan, which trimmed theirs by $1 to $45 a share. READ MORE...