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Fly News Breaks for November 1, 2019
PINS
Nov 1, 2019 | 09:03 EDT
RBC Capital analyst Mark Mahaney lowered his price target on Pinterest to $32 after its "mixed" Q3 results, saying the company's revenue decelerated by more than expected from a "hiccup" in U.S. average revenue per user. The analyst still keeps his Buy rating on Pinterest, noting that the accelerating net adds in the quarter and "strong" EBITDA are keeping his outlook "constructive".
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