Shares of Twitter Inc. (TWTR) are up 0.4% in morning trading Thursday after Guggenheim's Michael Morris raised his price target on the stock to $41 from $33 in a broader note about internet stocks. Morris also upgraded Facebook Inc.'s stock (FB)to buy from neutral ( ) and slashed his rating on Roku Inc. (ROKU) shares to neutral from buy ( ). He said that Twitter, which saw its shares close Wednesday at $34.38, has been making progress on efforts to improve the user experience, and he sees room for further enhancements as the company experiments with new conversation tools and reply options. He also wrote that the U.S. election season can help drive increased usage and advertiser demand. Twitter's stock has climbed 15% in the past three months, as the S&P 500 has gained 13%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 04, 2019 08:46 ET (12:46 GMT)
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