Twitter downgraded to Sell from Neutral at UBS UBS downgraded Twitter to Sell citing negative trends in user growth and engagement following the company's Q4 results. UBS lowered its price target for shares to $42 from $45 saying the stock remains one of the most expensive names it covers even after last night's sell-off. Note Twitter shares were also downgraded this morning at Stifel.
Twitter says user base to shift towards Android, managing products accordingly Says currently, user base equally split between iPhone and Android. Expects Android to become dominant amid global expansion.
Twitter says plans to accelerate pace and breadth of product change Says adding significant functionality to private messaging and will roll out this quarter. Says goal is to build world's largest daily audience. Comments from analyst day presentation.