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.