Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

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 distributors.


Discover more from Stayupdated.co.uk

Subscribe to get the latest posts sent to your email.

Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *