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Snap Jumps to Highest in Six Months After Winning Over BTIG Analyst

  • Analyst Greenfield says Discover section ‘feels less seedy’
  • Morale has improved with senior executive hires, the firm said
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Photographer: Andrew Harrer/Bloomberg
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Snap Inc. shares jumped to their highest level since August after finally winning over BTIG, which set a Street-high price target of $15.

"Virtually everything that could go wrong for Snapchat over the past couple years since going public has gone wrong," wrote analyst Rich Greenfield, who upgraded the stock to buy.