JP Morgan Initiates Coverage On Marathon Digital Holdings with Underweight Rating, Announces Price Target of $5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith has initiated coverage on Marathon Digital Holdings (NASDAQ:MARA) with an Underweight rating and a price target of $5.
October 11, 2023 | 10:46 am
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JP Morgan has initiated coverage on Marathon Digital Holdings with an Underweight rating and a price target of $5, which could negatively impact the stock's price.
JP Morgan's Underweight rating suggests that they expect Marathon Digital Holdings' stock to underperform compared to other stocks in the market. The price target of $5 is also significantly lower than the current trading price, which could lead to a decrease in the stock's price as investors adjust their expectations.
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