Here's Why Shares of Twitter are Lower in Wednesday's Session

Shares of Twitter (TWTR) - Get Report were lower Wednesday as Mizuho cut its rating on the stock to UNDERPERFORM from NEUTRAL. The firm maintained its $15 price target though. Mizuho says that although the social media company's shares have been boosted by takeover speculation, the stock is overvalued at current levels. The firm added that Twitter's business fundamentals have deteriorated significantly over the past year and most of the potential buyers are unlikely to play out. Of the potential suitors for Twitter, Mizuho sees Alphabet's (GOOGL) - Get Report Google and Salesforce.com (CRM) - Get Report as the most likely options.

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