As Market Tumbles, Investors Rush Into Safe Haven SNAP After Mass Wall Street Upgrade

While US equity markets are shuddering under the uncertainty of President Trump's agenda, it appears investors have found a safe haven for their hard-gambled retirement funds. Following a series of upgrades, overweights, and "buy" recommendations from Wall Street's biggest and brightest commission-takers, SNAP shares are soaring - back to their post-IPO open at $24.

Why SNAP is up: GS: Initiate Buy, $27 PT Citi: Buy, $27 PT MS: Overweight, $28 PT RBC: Outperform, $31 PT Jefferies: Buy, $30 PT

 

Goldman initiates a "buy"...

 

Morgan Stanley is a huuge fan now...

 

But Morgan Stanley's outlook seems more like a coin toss?

 

With a bear case of a 50% drop from here...