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Pinterest price target raised to $46 from $40 at Stifel

Stifel raised the firm’s price target on Pinterest (PINS) to $46 from $40 and keeps a Buy rating on the shares as part of the firm’s digital ads group Q2 earnings preview. The quarter improved off of a slow start in April, with June likely the best month within the quarter, says the analyst, who prefers long positions in Meta (META) and Trade Desk (TTD) among the group.

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