Snap Inc. (SNAP): Wedbush Downgrade

<p>SNAP stock price is down over 58% over the last six months. Wedbush downgrades Snap Inc. (SNAP) to neutral from outperform with a $36 price target. Ygal Arounian says that company headwinds include Apple (AAPL) privacy changes, difficult comps from stellar growth, and increasing competition. Additionally, he sees continued headwinds across digital advertising. </p><p><br></p>