Jim Cramer: SunTrust Is Too Negative on Twitter
Jim Cramer says SunTrust Analyst Bob Peck is too down on Twitter shares.
TheStreet's Action Alerts PLUS Portfolio Manager said SunTrust is too down on Twitter (TWTR) - Get Report shares. 'We have a tiny position for Action Alerts PLUS,' Cramer said. SunTrust downgraded Twitter on Monday to NEUTRAL from BUY amid worries about monetization. The analysts have an $18 price target on the stock. Twitter currently trades at $17.60 a share and lost 2.6 percent on Monday amid news of the downgrade. Twitter shares have lost 24 percent of their value since the start of the year, while the broader S&P 500 gained 4.7 percent.
