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Snap Bear Turns Bullish on One-time Hedge Fund Favorite
The big-name investors and early hedge fund supporters of the social media company dumped the stock a long time ago — and missed out on this year’s big rally.
It’s a case of too little, too late.Shares of Snap surged around 11 percent on Thursday, to more than $11 per share, after analysts at investment bank BTIG raised their rating on the stock to a “buy” and placed a $15 price target on the shares — six months after
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