Snap Inc. (SNAP) Viewed as 'Overvalued Chat Company' by Raymond James

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UPDATE: Raymond James Downgrades Snap Inc (SNAP) to Underperform, Overvalued Chat Company

January 12, 2018 4:01 AM EST

(Updated - January 12, 2018 7:34 AM EST)

(updated to add analyst comment)

Raymond James downgraded Snap Inc (NYSE: SNAP) from Market Perform to Underperform.

Analyst Aaron Kessler offers five reasons for being so negative on the company:

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