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toomuchmoney

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toomuchmoney

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Monday, 08/31/2015 10:13:21 AM

Monday, August 31, 2015 10:13:21 AM

Post# of 1756
SunTrust upgrades Twitter (TWTR) to buy from neutral on an attractive valuation and several pending positive catalysts. Among them is a likely announcement by Labor Day of a new management structure that it thinks will include co-founder Jack Dorsey as the new CEO (he's now interim CEO). SunTrust also expects several moves targeted at boosting revenue like a Doubleclick partnership, eCommerce initiatives including ads with buy buttons and video ads that it estimates could boost sales by 15% in 2017. Another important growth driver will be TWTR's integration into Google (GOOGL) search which could add several million monthly active users. TWTR is up 4.6% at $28.08 , still off 43% over the last year
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