Morgan Stanley cuts Coinbase to Underweight, slashes price target 53% to $120
The downgrade cited a weaker recovery outlook, with Wall Street split on Coinbase after the Binance hack shifted sentiment on exchanges.
Read at finance.yahoo →Full coverage · 9 outlets
- finance.yahoo · lead
- CoinDeskCoinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook
- Yahoo FinanceMorgan Stanley bearish on Coinbase, slashes target on weaker recovery
- TIKR.comCoinbase Falls 4% as Morgan Stanley Downgrades, Says “Confidence in the Earnings Recovery Has Deteriorated”
- Altcoin BuzzMorgan Stanley Cuts Coinbase to Underweight, Slashes Target 53%
- CryptopolitanCoinbase draws $3.4M from Ark as Morgan Stanley slashes target 53%
- The Crypto TimesMorgan Stanley Slashes Coinbase Price Target 53% to $120
- Koin BülteniMorgan Stanley Slashes Coinbase Price Target by More Than Half
- AltcoinbuzzMorgan Stanley Cuts Coinbase to Underweight, Slashes Target 53%