Twitter, Inc. (NYSE: TWTR) shares closed up nearly 11% on Wednesday with a spike in trading volume after Nomura Equity raised its rating to buy from neutral, with a price target of 43. "We believe that the market has now priced in the expectation that Twitter remains a niche social media product," wrote Nomura analyst Anthony DiClemente. "We believe risk/reward is much more favorable now, given the possibility that product enhancements rejuvenate user growth."
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides various products for users, including Twitter that allows users to express themselves and create, distribute, and discover content; Vine, a mobile application available on the iOS, Android, and Windows operating systems that enables users to create and distribute short looping videos; and #Music, a mobile application that helps users discover new music and artists based on Tweets.
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DSW Inc. (NYSE: DSW) shares sank to a new yearly low of $23.45 during intra-day trading on Wednesday after the company reported a disappointing first-quarter earnings report. DWS missed on revenue, earnings, and guidance. Sales fell 0.4% on a comparable-sales decline of 3.7% to $599 million in revenue, which came in below estimates of $622.9 million. According to CEO Mike MacDonald it was "a challenging quarter due to unseasonal weather and an aggressively promotional retail environment." Earnings per share fell to $0.42, which missed estimates at $0.48.
DSW Inc. operates as a branded footwear and accessories retailer in the United States. The company operates in two segments, DSW and Affiliated Business Group. It offers a range of brand name dresses, casual and athletic footwear, and accessories for women and men through its DSW stores and dsw.com.
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