Morgan Stanley Cuts Circle Target

Circle's price target cut to $38 Morgan Stanley downgraded Circle to underweight and cut its price target to $38 from $106. The bank expects slower USDC growth and greater pressure on reserve income. Circle shares fell about 6% following the downgrade.

Circle’s price target cut to $38

Morgan Stanley downgraded Circle to underweight and cut its price target to $38 from $106.

The bank expects slower USDC growth and greater pressure on reserve income.

Circle shares fell about 6% following the downgrade.

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