U.S. markets closed

Goldman upgrades Twitter to ‘buy’, sees minimal downside risk for Snap

On Friday, Goldman Sachs upgraded shares of Twitter to buy from neutral, cuts price target to $35 from $39, on the belief that the company's user growth and engagement is benefiting meaningfully from the growth in conversations around COVID-19. Separately, the firm reiterated Snap's buy rating as it sees minimal downside risk to near-term estimates.