Pinterest price target raised to $27 from $25 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on Pinterest (PINS) to $27 from $25 and keeps a Hold rating on the shares. The company posted “solid” Q2 results, but its Q3 revenue guidance was slightly below expectations, the analyst tells investors. While things are slowly moving in the right direction, Stifel maintains its Hold rating on the stock until the firm has a better handle of the magnitude of incremental Amazon (AMZN) demand.