Pinterest price target lowered to $35 from $38 at JPMorgan

JPMorgan lowered the firm’s price target on Pinterest (PINS) to $35 from $38 and keeps a Neutral rating on the shares post the Q3 report. The company believes macro trends are mostly stable, but ongoing Food & Beverage pressure, which has persisted since December 2023, weighs on it sales growth into the holiday season, the analyst tells investors in a research note.