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Citi Downgrades Coinbase Global Inc. (COIN) to Neutral, 'Analysis Paralysis; Too Many Unknowns for Now'

May 1, 2023 4:16 PM EDT

Citi analyst Peter Christiansen downgraded Coinbase Global Inc. (NASDAQ: COIN) from Buy to Neutral with a price target of $65.00 (from $80.00).

The analyst comments "As it stands, both long and short debates begin and end with Coinbases regulatory predicament. Clarity could come from:... More