Rosenblatt analyst Barton Crockett lowered the firm’s price target on Pinterest (PINS) to $20 from $30 and keeps a Neutral rating on the shares. Pinterest said tariff impacts on large retailers prompted an ad pullback that was “surprising in magnitude,” prompting a Q4 miss and light Q1 guidance, notes the analyst, who lowers estimates and adopts a lower multiple assumption.
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Read More on PINS:
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