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NOV 20, 2013 - MarketWatch

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Twitter cut to hold with Facebook in favor: Cantor

NEW YORK (MarketWatch) -- Shares of Twitter Inc. were cut to hold from buy Wednesday by Cantor Fitzgerald analysts, two weeks after the social media platform debuted on the New York Stock Exchange. The analysts said that at current valuations, fellow networking site Facebook Inc. looks more attractive, given that Twitter has yet to establish a user base as massive as Facebook's, and monetize that activity. Cantor analysts, led by Youssef Squali, kept Twitter's price target at $32. Shares of Twitter were down 1.3% in premarket trade at $40.93. Shares of Facebook were off 0.4%.Market Pulse ... Read More

Tags: Twitter cut to hold with Facebook in favor: Cantor,  Cantor Fitzgerald Latest News