Tuesday, October 06, 2015 7:11:21 AM
Brean Capital said the risk/reward for Twitter as a turn-around story remains favorable, citing its positive view of management changes including Jack Dorsey becoming full-time CEO and former CEO Richard Costello resigning from the company's board. The firm believes management can continue developing partnerships, but are cautious about Jack Dorsey dividing his time between Twitter and Square. Brean Capital reiterated its Buy rating and $47 price target on Twitter shares
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