Twitter Stock Downgraded as Company Challenged by Competition

Shares of Twitter (TWTR) - Get Report sank on Monday after the stock was downgraded by SunTrust to NEUTRAL from BUY. Robert Peck says Twitter's user growth and engagement continues to be challenged. He also highlighted the company's limited new product introductions along with increasing competition from Snapchat. Despite the ratings change, Peck did keep his $18 price target on the shares.