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Twitter Down 4%: Mizuho, Loop See Speculation-Driven Rally Unreasonable

Shares of Twitter (TWTR) are down 85 cents, or almost 4%, at $22.87, after the stock got two downgrades today in the wake of a big move the last three days on speculation of a buyout by Disney (DIS), Salesforce (CRM), Microsoft (MSFT) or another party. Mizuho’s Neil Doshi cut his rating on the shares from Neutral to Underperform, writing "We are skeptical of these potential business combinations and believe that the stock is overvalued as business fundamentals have deteriorated significantly over the past 12 months.
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