Galaxy Digital price target lowered to C$8 from C$10 at BTIG

BTIG analyst Mark Palmer lowered the firm’s price target on Galaxy Digital to C$8 from C$10 but keeps a Buy rating on the shares after its December-end assets under management disclosure. The analyst notes that while the volatility in the crypto space has declined during the past month, the "unknown duration" of the ongoing "crypto winter" has made the company’s "strong" liquidity position a central aspect of the bullish thesis on the stock.