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

• Citigroup cut the price target on Snap Inc. 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. 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 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. 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. 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 boosted The Gap, Inc. 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.

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