SunTrust’s Bob Peck commented on CNBC Monday that Twitter Inc TWTR CEO Dick Costolo may not remain with the company much longer and that the question of Costolo’s successor is the number one question he receives from institutional investors.
“We think there's a good chance he's not there within a year,” according to Peck.
Peck also thought Twitter CFO Anthony Noto was not a candidate for the CEO position which left the answer open for speculation.
SunTrust maintained a Buy rating on Twitter.
Twitter recently traded at $38.24, up 3.18 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.