Elon Musk’s $43 billion takeover bid for Twitter represents a “full blown Elon circus” that puts a near-term ceiling in the social media …
Elon Musk’s $43 billion takeover bid for Twitter represents a “full blown Elon circus” that puts a near-term ceiling in the social media company’s share price, Stifel’s Mark Kelley said in a note on Thursday. The investment firm downgraded Twitter to “sell” from “neutral” and reiterated its $39 price target, representing potential downside of about 18% from current levels. Twitter stock jumped as much as 6% in Thursday trades before pairing those gains. Musk offered to take Twitter private at $54.20 per share on Thursday, just weeks after he disclosed a 9.
