A rough week for Blue Apron and Snap both of which went public in 2017. Blue Apron went public at the end of June, at $ 10 a share, and has been slowly declining since. This week, Northcoast Research published the first Wall Street price target for the stock at $ 2 a share. Snap gained 44% on its first day of trading in March but has since been coming down and closed below its $ 17 IPO price for the first time on Monday. Morgan Stanley analyst Brian Nowak downgraded the stock on Tuesday from overweight to equal weight and cut his price target from $ 28 to $ 16 a share.
