Craig-Hallum raised the firm’s price target on Hut 8 Corp. to $12 from $10 and keeps a Hold rating on the shares. New management, which the firm believes was a dramatic upgrade from the prior team, is poised to make the “right bets at the right time.” The new team has already shut down operations in Drumheller, cauterizing a painful wound for “old HUT” investors, Craig-Hallum notes.
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