Analysts are Downgrading These 5 Stocks

2. Twitter, Inc. (NYSE:TWTR)

Number of Hedge Fund Holders: 69

Shares of Twitter, Inc. (NYSE:TWTR) inched lower on Wednesday, October 5, after Vertical Group cut its ratings for the microblogging site from “Buy” to “Neutral,” citing its uncertain future.

Analysts Phil Leggiere was primarily moved by the lack of clarity around Twitter’s management and macroeconomic challenges. Leggiere thinks these factors are hindering the growth of Twitter, Inc. (NYSE:TWTR).

Meanwhile, several news agencies reported that Twitter, Inc. (NYSE:TWTR) might reach a deal with Elon Musk to end their legal row. Musk reportedly wants to proceed with his $44 billion buyout proposal if the social networking service drops its lawsuit against him.