Read Why Citi Slashed Twitter's Price Target By 22%

Citi analyst Jason Bazinet lowered the firm's price target on Twitter Inc TWTR to $47 from $60, implying a 7% upside, and maintained a Neutral.
The analyst reduced Twitter's target multiple to align with the company's peer group more closely.
He believes the stock's current valuation reflects much of the revenue and margin opportunity over the next few years.
The social media company underwent a management succession leaving the analysts divided over its impact on the company.
Price Action: TWTR shares traded higher by 2.55% at $45.06 in the premarket session on the last check Wednesday.

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