JP Morgan Initiates Coverage On Cipher Mining with Neutral Rating
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith has initiated coverage on Cipher Mining (NASDAQ:CIFR) with a Neutral rating.
October 11, 2023 | 10:42 am
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NEUTRAL IMPACT
JP Morgan has initiated coverage on Cipher Mining with a Neutral rating, indicating neither a positive nor negative outlook.
The initiation of coverage by JP Morgan, a major financial institution, is significant for Cipher Mining. However, the Neutral rating suggests that the analyst sees neither significant upside nor downside in the short term. This could lead to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100