JPMorgan Lowers Pinterest Rating to Neutral, Cites Revenue Headwinds and Retail Margin Pressure
JPMorgan reduced its rating on Pinterest Inc (PINS) from Overweight to Neutral and cut its price target to $20.00 from $36.00 after the company provided revenue guidance that signaled a slowdown. The move comes as Pinterest reported slightly missed fourth-quarter results and other firms revised their views, citing pressure from large retailers, cha…