Craig-Hallum analyst George Sutton downgraded Core Scientific (CORZ) to Hold from Buy and suspended its price target after CoreWeave (CRWV) announced an agreement to acquire Core Scientific in an all-stock transaction.
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Read More on CORZ:
- Some Core Scientific investors disappointed by all-stock deal, says Jefferies
- CoreWeave selloff reflects price volatility risk, says Jefferies
- Core Scientific Inc and CRWV Merger: Cost Savings and Strategic Benefits Drive Buy Rating
- Barclays constructive on CoreWeave’s acquisition of Core Scientific
- AI Daily: CoreWeave to acquire Core Scientific in all-stock deal