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Morgan Stanley downgrades Circle, slashes price target by 64%
TheStreet9d agobearish
Morgan Stanley downgrades Circle, slashes price target by 64%

Morgan Stanley downgraded stablecoin issuer Circle (NYSE: CRCL) to Underweight on Aug. 3 and cut its price target by nearly 64% to $38 from $106, delivering Wall Street's most bearish call on the stock just two days before the company reports second-quarter earnings. The investment bank cited ...