Morgan Stanley "pulled defeat from the jaws of victory in a very public manner," according to Hintz's report. However, the analyst contends that "although the
Here are Wednesday's top research calls, including a downgrade of Twitter and new coverage of Facebook, Amazon and Alphabet.
A battle over who regulates data and privacy flares on Capitol Hill
BTIG analyst Brian Ross says that cooperating with Amazon would bring near-term financial benefits, but also longer-term consequences.
Deutsche Bank initiated coverage of Snap with a Buy, but even that wasn't enough to hold off the bears worried about Facebook's growing encroachment on its territory.