Social media company Pinterest saw its shares drop 9% on Tuesday after Guggenheim downgraded the stock to “neutral” from “buy” citing concerns of slowing user trends. According to Guggenheim analyst Michael Morris, data indicates that “continued usage weakness and another quarter of below-consensus results.” Morris went on to write in a note, “we don’t see … Continue reading “Guggenheim Downgrades Pinterest Sending Shares Sinking”
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Featured
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