Will This Price Target Decrease Hurt Twitter (TWTR) Stock Today? (Update)

Update (9:34 a.m.): Updated with Wednesday market open information.

NEW YORK (TheStreet) -- UBS decreased its price target on Twitter  (TWTR) to $35 and set a "sell" rating. The firm notes user and engagement numbers are underperforming.

The stock was down 12.41% to $37.33 at 9:34 a.m. on Wednesday.

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