UPDATE: Bank of America Initiates Coverage on Twitter on Valuation
December 02, 2013 at 08:58 AM EST
In a report published Monday, Bank of America analyst Justin Post initiated coverage on Twitter (NYSE: TWTR ) with an Underperform rating and $36.00 price target. In the report, Bank of America noted, “Twitter is a top mobile and social play in a thematically focused investment environment, and is still