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Snap Gets Upgrade, Other Internet Stocks Boosted By Analyst Comparing Them To Software Firms - deadline.com
deadline.com
28.09.2020

Snap Gets Upgrade, Other Internet Stocks Boosted By Analyst Comparing Them To Software Firms

Dade Hayes Finance EditorGuggenheim Securities analyst Michael Morris has boosted his 12-month price targets for six internet companies he covers, upgraded Snap Inc. and initiated coverage of Pinterest with a buy rating.In a report summarizing the sweeping adjustments Monday, Morris cited an effort to shift analysis of the companies to bring it more in line with that of software companies, a group led by Microsoft.Snapchat parent Snap Inc.

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