Credit Suisse Maintains Outperform on Snap, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Stephen Ju has maintained an 'Outperform' rating on Snap (NYSE:SNAP), but lowered the price target from $16 to $15.
July 26, 2023 | 1:02 pm
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NEUTRAL IMPACT
Snap's price target has been lowered from $16 to $15 by Credit Suisse, though the 'Outperform' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Outperform' rating indicates that Credit Suisse still sees potential in Snap. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100