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Wednesday, December 18, 2019 9:52:03 AM
By: Seeking Alpha | December 18, 2019
• Citi cuts its Twitter (NYSE:TWTR) price target from $45 to $36, citing concerns on the near-term revenue outlook.
• Analyst Hao Yan notes uncertainty around the Mobile Application Promotion product and expects more clarity in the Q4 report in February.
• Citi maintains a Neutral rating on Twitter, which matches the average Sell Side rating.
• Twitter shares are down 0.4% pre-market to $30.57.
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