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SunTrust upgrades Twitter ( TWTR ) to buy from neutral

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toomuchmoney Member Level  Monday, 08/31/15 10:13:21 AM
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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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