Twitter is down 6% in pre-market trading this morning.
The stock was hit with a downgrade to “under weight,” from “equal weight” by Scott Devitt at Morgan Stanley. (We think this is the equivalent of going from “hold” to “sell”.) 
Devitt has a $33 price target on Twitter. The stock closed at $69 on Friday. So, for what it’s worth, he’s been wrong on the price all along.
