BMO Capital analyst Brian Pitz lowered the firm’s price target on Pinterest (PINS) to $28 from $35 and keeps an Outperform rating on the shares. The company reported a “soft” Q4 as some of the largest retailers were disproportionately impacted by tariffs that led to reduced ad spend, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PINS:
- Pinterest price target lowered to $26 from $40 at UBS
- Pinterest price target lowered to $27 from $35 at Wells Fargo
- Pinterest: Compressed Valuation, Solid User Growth, and Strategic Partnerships Support Buy Rating Despite Lowered Estimates
- Pinterest price target lowered to $25 from $40 at Stifel
- Pinterest price target lowered to $21 from $33 at Piper Sandler