Jefferies Initiates Coverage On Pinterest with Hold Rating, Announces Price Target of $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Heaney has initiated coverage on Pinterest (NYSE:PINS) with a Hold rating and a price target of $30.
October 18, 2023 | 9:40 am
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NEUTRAL IMPACT
Jefferies has initiated coverage on Pinterest with a Hold rating and a price target of $30. This could potentially influence investor sentiment.
The Hold rating from Jefferies indicates a neutral outlook for Pinterest's stock in the short term. The price target of $30 provides a reference point for investors, which could influence trading decisions. However, the actual impact will depend on how investors interpret and react to this rating and price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100