Rosenblatt analyst Barton Crockett raised the firm’s price target on Pinterest (PINS) to $27 from $26 and keeps a Neutral rating on the shares. The company’s Q1 results were better than expected, but its Q2 guidance was "squishy," the analyst tells investors. The firm raises its price target on the stock because a new Amazon (AMZN) partnership looks "interesting," Rosenblatt says.
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Published first on TheFly
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