UPDATE: Wedbush Initiates Coverage on Twitter as Premium Valuation Reflects Investor Confidence in Revenue Growth

In a report published Friday, Wedbush analyst Michael Pachter initiated coverage on Twitter (NYSE: TWTR ) with a Neutral rating and $37.00 price target. In the report, Wedbush noted, “We are initiating coverage of Twitter with a NEUTRAL rating and a 12-month price target of $37. We arrive at our