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Chime initiated with a Neutral at UBS

UBS initiated coverage of Chime (CHYM) with a Neutral rating and $35 price target Chime is a leading digital financial services platform focused on providing banking services to everyday Americans, the analyst tells investors in a research note. UBS believes the company is positioned to continue gaining share in the consumer banking space, but sees a more balanced risk/reward profile for the shares based on valuation.

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