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Elliott Management Pushes For Twitter CEO Jack Dorsey's Exit, Analyst Sees Increased Possibility Of Sale
Monday, March 2, 2020 - 12:01pm | 681Twitter Inc (NYSE: TWTR) is likely bracing for a brewing boardroom battle, according to a Friday Bloomberg report. Elliott Management, the hedge fund founded by Paul Singer, has taken a considerable stake in Twitter, Bloomberg reported, citing people familiar with the matter. The...
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Evercore Downgrades Twitter, Expects High R&D Spend Before Recovery
Thursday, November 7, 2019 - 10:25am | 341Twitter Inc (NYSE: TWTR) shares have fallen 35% from their 2019 high, but one team of analysts thinks things could still get worse. The Rating Evercore ISI analysts Kevin Rippey and Benjamin Black downgraded Twitter to Underperform and reduced their price target from $42 to $25. The Thesis For a...
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Evercore ISI Changes Channels On Spotify, Says Gross Profit Projections Overly Optimistic
Monday, June 24, 2019 - 2:22pm | 441Streaming music company Spotify Technology SA (NYSE: SPOT) should be able to match the Street's user and revenue estimates, according to Evercore ISI, but three main concerns prompted the sell-side to downgrade the stock Monday. The Analyst Kevin Rippey downgraded Spotify from...