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This Analyst Cuts Price Target On Snap? Here Are 5 Other Price Target Changes For Wednesday

Citigroup (NYSE:C) cut the price target on Snap Inc . (NYSE: NYSE:SNAP) from $16 to $10. Citigroup analyst Ronald Josey…

By financial2020myday , in Stock Markets , at August 31, 2022

Citigroup (NYSE:C) cut the price target on Snap Inc . (NYSE: NYSE:SNAP) from $16 to $10. Citigroup analyst Ronald Josey also downgraded the stock from Buy to Neutral. Snap shares fell 7% to $9.31 in pre-market trading.
Keybanc lowered Ambarella, Inc. (NASDAQ: AMBA) price target from $120 to $100. Keybanc analyst John Vinh maintained an Overweight rating on the stock. Ambarella shares fell 8.2% to $77.60 in pre-market trading.
Needham cut I-Mab (NASDAQ: IMAB) price target from $41 to $33. Needham analyst Gil Blum maintained a Buy rating on the stock. I-Mab shares rose 0.3% to $6.00 in pre-market trading.
Telsey Advisory Group cut American Eagle Outfitters , Inc. (NYSE: NYSE:AEO) price target from $17 to $15. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on the stock. American Eagle shares rose 1.1% to close at $11.77 on Tuesday.
RBC Capital cut Chewy, Inc. (NYSE: CHWY) price target from $59 to $56. RBC Capital analyst Steven Shemesh maintained an Outperform rating on the stock. Chewy fell 11.1% to $33.26 in pre-market trading.
Barclays (LON:BARC) boosted The Gap, Inc. (NYSE: GPS) price target from $6 to $9. Barclays analyst Adrienne Yih also upgraded the stock from Underweight to Equal-Weight. Gap shares rose 0.2% to $9.69 in pre-market trading.
Check out this: US Stock Futures Mostly Lower Ahead Of Fed Speakers; Crude Oil Drops Over 2%

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