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Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook

Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery.

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Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook
Image: CoinDesk

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Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery.

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