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JPMorgan: Twitter sell-off "overdone"

Published 12/20/2018, 03:14 PM
© Reuters.  JPMorgan: Twitter sell-off "overdone"
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  • JPMorgan (NYSE:JPM) says the Twitter (NYSE:TWTR) sell-off after Citron's comments is "overdone."
  • Analyst Douglas Anmuth: “TWTR’s platform health efforts will ultimately have a positive impact on engagement and advertising over time."
  • The firm reiterates its Overweight rating and $45 price target and calls Twitter one of its top picks for 2019.
  • Source: Bloomberg First Word.
  • Twitter shares are down 10.8% to $29.36.
  • Previously: Twitter -8% on Citron mention, $20 target (Dec. 20)
  • Now read: When To Buy Bitcoin


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