UPDATE: Morgan Stanley Downgrades Pinterest Inc (PINS) to Equalweight, 'We have been wrong about PINS'

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Go back to UPDATE: Morgan Stanley Downgrades Pinterest Inc (PINS) to Equalweight, 'We have been wrong about PINS'

Pinterest (PINS) Downgraded to Equal Weight at Morgan Stanley, Too Much Uncertainty

March 28, 2022 5:43 PM EDT

Pinterest, Inc. (NYSE: PINS) shares fell 2% after-hours Monday after Morgan Stanley analyst Brian Nowak downgraded the stock to Equal-weight From Overweight and reduced their price target to $30 from $53, as multiple headwinds created too much uncertainty.

The analysts admitted they have been wrong about the... More