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Why Pinterest Stock Was Falling Today

TheMotleyFool

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Pinterest (NYSE: PINS) got hit with some analyst downgrades today that weighed on the stock. A UBS analyst lowered the stock's near-term price target to $32 from $42, while maintaining a neutral rating on the shares. Likewise, OTR Global downgraded Pinterest to mixed from positive.

The shares were trading down 6.7% as of 2:26 p.m. ET on Tuesday. Meanwhile, the broader market was down only 0.6%, as stocks staged an afternoon rally.

Image source: Getty Images.

Source Fool.com

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