Jim Cramer on Snap's Upgrade

Shares could go back up to $17.
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Snap (SNAP) - Get Report was upgraded at Stifel and Cramer noted it was just Stifel saying, "Look, this is the opportunity. If Snap were to come out in the next twenty-four hours and say that we've canvassed a lot of the big shareholders who are free to sell stock later this month and they're not going to and we're going to buy stock, then it'll go back up to $17."  

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