JP Morgan Downgrades Cleanspark to Neutral
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith has downgraded Cleanspark (NASDAQ:CLSK) from Overweight to Neutral, indicating a change in the bank's outlook on the company's stock.

December 08, 2023 | 12:01 pm
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Cleanspark has been downgraded by JP Morgan from Overweight to Neutral, which may influence investor sentiment and potentially impact the stock's performance in the short term.
Analyst downgrades typically lead to a negative perception among investors, which can result in a decrease in stock price. The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less bullish outlook on Cleanspark, which could lead to short-term selling pressure.
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IMPORTANCE 75
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