Analysts: Twitter’s Base Case Established and 3 More Research Notes to Browse

Twitter Inc. (NYSE:TWTR) Sterne Agee established coverage of Twitter ahead of next week’s initial public offering and stated that the base case for the shares is $25 to $32 per share over the course of the next 12 to 24 months; the firm has not established a rating for Twitter stock yet, but said shares appear attractive if priced within the $17-$20 price range.

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Palo Alto Networks (NYSE:PANW): Pacific Crest believes that the overhang created by Palo Alto’s litigation with Juniper (NYSE:JNPR) offers an opportunity to buy Palo Alto at a weakness; the firm doesn’t expect the outcome of the litigation to be as negative for Palo Alto as the market fears, and the analyst keeps an Outperform rating on the stock.

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UPS (NYSE:UPS): Argus increased its price target on UPS to $110 from $98 after the company reported higher-than-expected third-quarter earnings per share; the firm expects the company to benefit from growth in the e-commerce industry as well as improving global macroeconomic conditions, and it keeps a Buy rating on UPS stock.

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Morgan Stanley (NYSE:MS): In the wake of recent shareholder activism, Morgan Stanley said Darden could create $12 per share in value by spinning off the faster-growing Specialty Restaurant Group and monetizing real estate holdings; however, the firm believes the best near-term options are capital expenditure cuts, and the analyst maintains its Equal Weight rating.

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