Twitter Inc. undefined lost another bull, after KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk's...
Twitter Inc. lost another bull, after KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk's buyout proposal. Patterson cut his rating to sector weight, after being at overweight since January 2021, saying that the potential for the Musk bid to"go up in smoke" will turn investor focus on a more challenging macro environment that elevates downside risk to financial estimates.
lost another bull, after KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk's buyout proposal. Patterson cut his rating to sector weight, after being at overweight since January 2021, saying that the potential for the Musk bid to"go up in smoke" will turn investor focus on a more challenging macro environment that elevates downside risk to financial estimates. The stock had initially rallied Thursday after Musk, Tesla Inc.
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