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Morgan Stanley downgrades Coinbase to Sell and cuts price target to $120 from $258

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Coinbase (NASDAQ:COIN) came under fresh pressure Monday after Morgan Stanley downgraded the crypto exchange to Sell from Hold and slashed its price target to $120 from $258. Analyst Michael Cyprys said confidence in Coinbase's earnings…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA downgrade of a major crypto stock signals weaker earnings expectations after soft trading trends.AI-generated summary
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Coinbase Global, Inc.COINStock137.10 USDMarket closedtoday -4.48%Negative Morgan StanleyMSStock185.70 USDMarket closedtoday +0.76%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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