Morgan Stanley Reiterates Underweight on Snap, Maintains $6.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has reiterated an Underweight rating on Snap (NYSE:SNAP) and maintained a $6.5 price target.
July 26, 2023 | 3:22 pm
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NEGATIVE IMPACT
Morgan Stanley has reiterated an Underweight rating on Snap, maintaining a $6.5 price target. This could potentially impact the stock's performance.
The Underweight rating from Morgan Stanley suggests that they believe Snap's stock is expected to underperform compared to other stocks. This could lead to a decrease in the stock's price, hence the negative score. The price target of $6.5 also indicates a potential downside from the current trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100