Twitter Bombarded with Ratings and Price Target Cuts on Wall Street

Twitter (TWTR) and Bunge (BG) get downgrades and Yodlee (YDLE) gets new coverage in Tuesday's Analysts' Action.
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Twitter (TWTR) and Bunge (BG) get downgrades and Yodlee (YDLE) gets new coverage in Tuesday's Analysts' Action. Nomura and RBC are just a few of the firms who downgraded Twitter following its earnings report. Analysts at Nomura now rate Twitter a NEUTRAL from BUY and lowered their price target for the stock to $45 from $55. RBC downgraded Twitter to SECTOR PERFORM from OUTPERFORM . RBC slashed its price target to $47 from $65 a share. Bunge was downgraded to NEUTRAL from OVERWEIGHT at JPMorgan. The firm said it lowered its rating on the global food operator based on the decline in sugar and ethanol prices along with increasing risk in Brazil following the elections there. JPMorgan maintained its $87 price target for the stock. Yodlee is now being covered at Goldman Sachs with a BUY rating. The price target is set at $19. Goldman believes 'the platform is significantly differentiated and is becoming more relevant as consumers' personal lives more online.'