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Twitter: shares fall as UBS downgrades over investment

(CercleFinance.com) - Twitter shares dipped over 1% in early trading on Friday after UBS downgraded the social media platform from "buy" to "neutral," saying that the company's investments could cap valuation in 2020.

In a note to clients, UBS analysts said risk/reward is now "balanced" between growth potential in the second half of 2020 and long-term investments.

The broker has cut its target price to 35 dollars.

After these comments, Twitter shares were down 1.1% at 33.8 dollars on the Nasdaq on Friday morning.

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