Wells Fargo Maintains Overweight on Pinterest, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski has maintained an 'Overweight' rating on Pinterest (NYSE:PINS) but lowered the price target from $36 to $35.

September 20, 2023 | 11:52 am
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Wells Fargo has maintained an 'Overweight' rating on Pinterest but lowered the price target from $36 to $35.
The news is directly related to Pinterest and is likely to influence investor sentiment. While the 'Overweight' rating suggests that Wells Fargo expects Pinterest's stock to outperform, the lowering of the price target may create some uncertainty. However, the impact on the stock price is uncertain in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100