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Pinterest Shares Buoyed by Wedbush Analyst's Bullish Call

Cherella Cox

shares rose after Wedbush analyst Ygal Arounian initiated coverage of the San Francisco photo-posting and -discovery company with an outperform rating and $33 price target. "Pinterest is unique to any other media platform in its visual search and discovery toolset and that advertising actually improves the consumer experience," Arounian wrote in a note. Arounian said Pinterest is early in its efforts to monetize the platform and has opportunities to grow the base of international markets from which it makes money.