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Pinterest price target raised to $35 from $34 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Pinterest (PINS) to $35 from $34 and keeps a Neutral rating on the shares. The firm notes shares were down about 10%-plus after market following a solid print that was largely in-line with bogeys, while guidance was weaker. Piper struggles to see a material catalyst to drive the business and accelerate growth.

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