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Morning Agenda: Snap Stock, Saudi Investment in Softbank, Deutsche Bank

Snap shares have tumbled for the first time since their soaring debut last week.

They fell 12 percent on Monday and closed below their $24 opening price as several analysts issued sell recommendations.

Not all analysts are able to give recommendations, because those who work at the banks involved in the initial public offering are prevented from doing so for a set period. Of the seven analysts who have started covering Snap, five had sell ratings and two had neutral ratings.


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