Morgan Stanley initiated coverage of Chime (CHYM) with an Overweight rating and $39 price target The firm says the company’s proven ability to win primary account status while driving consistent customer growth and generate strong uptake on relevant new financial products provides confidence that the company can execute against a “sizeable” demographic opportunity in the U.S. The analyst views Chime’s risk to debit exemption as low.
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Read More on CHYM:
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