Twitter gets an Analyst Upgrade; DSW Inc. Sinks to New Yearly Low after Disappointing Q1


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NYSE:TWTR / NYSE:DSW
05/29/2014 [ACCESSWIRE]

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.

Get more information on Twitter, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/TWTR

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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.

Get more information on DSW Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/DSW

 

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