Mizuho, JPMorgan Turn Bearish on Circle as USDC Economics Come Under Pressure
Investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral. The bank also cut its price target for the stock, citing threats from Open USD. The downgrade landed as JPMorgan also…
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Mizuho Downgrades Circle, Cuts Price Target to $50 Citing Open USD Threat
Japanese investment bank Mizuho has downgraded Circle to an underperform rating, slashing its price target to $50. The bank flagged Open USD
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to dis
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
The Japanese investment bank said Open USD’s yield pass-through model could pressure Circle’s margins by shifting more reserve income to dis
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