BWG Global downgraded Snap (SNAP) to Negative from Mixed citing slowing advertising growth and competitive pressures.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNAP:
- PINS vs. SNAP: TD Cowen Picks the Better Social Media Stock Ahead of Q2 Earnings
- Mixed Factors Lead to Hold Rating for Snap Amid Revenue Growth and Advertising Challenges
- France launches criminal probe into X over algorithm manipulation, Politico says
- Snap Co-Founders Ensure Proposal Approval Before Meeting
- Moderately bullish activity in Snap Inc. with shares up 1.15%