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Twitter Shares Draw Lukewarm Ratings From Underwriters

Published on December 2, 2013
by Alexandra Scaggs

The underwriters for Twitter Inc.’s initial public offering aren’t chirping about prospects for gains in the stock.

As the five lead underwriters for the social-media company’s IPO rolled out their first research reports on the stock before the start of trading Monday, only two — Goldman Sachs Group Inc. and Deutsche Bank AG — gave Twitter a ratings equivalent of “buy.”

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