Stocks

The Twitter Downgrade


Wall Street is unfollowing Twitter (TWTR). With the stock up 124 percent since a Nov. 7 initial public offering, only one in five analysts rate it a buy. It’s expensive, says Cantor Fitzgerald’s Youssef Squali, “even compared to other highflying Internet IPOs.”

Summers_190
Nick Summers covers Wall Street and finance for Bloomberg Businessweek. Twitter: @nicksummers.

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