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Benzinga
Benzinga
Business
Priya Nigam

THE TRUTH ABOUT: Cfra downgrades twitter after musk offer here s why - The Untold Story

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced an intention to acquire Twitter Inc (NYSE:TWTR) for around $43 billion, or $54.20 per share, which represents a 38% premium “from his position being publicly announced,” according to CFRA.

The Twitter Analyst: Angelo Zino downgraded Twitter from Buy to Hold, while keeping the price target unchanged at $55.

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