Goldman Sachs has initiated coverage on the Bombay Stock Exchange (BSE), assigning a neutral rating with a target price of ₹5,060. The brokerage noted that BSE's valuations are fair compared to global peers, suggesting a balanced risk-reward outlook as valuations approach all-time highs. Goldman Sachs also highlighted potential growth tailwinds for equity capital markets that could benefit BSE. In a separate development, Jefferies downgraded Pinterest (PINS) from Buy to Hold, reducing its price target from $40 to $32, citing concerns over slowing growth. Jefferies also upgraded Etsy (ETSY) to Hold with a target price of $55, anticipating a rebound in gross merchandise sales in the second half of the year due to easier comparisons and lower churn rates.