China Renaissance Downgrades Snap to Sell, Announces $7 Price Target
Portfolio Pulse from richadhand@benzinga.com
China Renaissance analyst Ella Ji has downgraded Snap (NYSE:SNAP) from Hold to Sell and announced a $7 price target.
July 28, 2023 | 11:43 am
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NEGATIVE IMPACT
Snap has been downgraded from Hold to Sell by China Renaissance, with a new price target of $7.
The downgrade from Hold to Sell by China Renaissance indicates a negative outlook for Snap. The new price target of $7, if significantly lower than the current price, could lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100