HomeLifestyleEntertainmentWhy CFRA Expects Twitter's (TWTR) Board To Reject Elon Musk's Offer
Why CFRA Expects Twitter's (TWTR) Board To Reject Elon Musk's Offer

Angelo Zino talks Twitter following news it's adopting a "poison pill" after Tesla CEO Elon Musk's takeover bid. The CFRA maintains a hold opinion, with a $55 price target on the social media company. He said the addition of the poison pill shows its reluctance to sell, and he expects the board to reject Elon Musk's offer. Zino also believes Musk's endeavors ultimately end up being positive for long-term shareholders.

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