"Freedom Broker analyst Saken Ismailov downgraded (SNAP) to Hold from Buy with a price target of $7, down from $8."
"The firm sees no recovery in the the company's advertising segment."
"It cut estimates and downgraded Snap post the "mixed" Q1 report."
Snap was downgraded to Hold from Buy with a price target reduced to $7 from $8. The firm sees no recovery in Snap’s advertising segment. Estimates were cut following a mixed Q1 report. The downgrade reflects expectations that advertising performance will not improve in the near term. The revised outlook is tied to weaker advertising recovery prospects and the updated earnings expectations.
Read at TipRanks Financial
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