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Marathon Digital price target lowered to $12.50 from $24 at Jefferies
The Fly

Marathon Digital price target lowered to $12.50 from $24 at Jefferies

Jefferies analyst Jonathan Petersen lowered the firm’s price target on Marathon Digital to $12.50 from $24 and keeps a Buy rating on the shares ahead of the company’s Q3 earnings report. Along with the report, Petersen said he hopes to learn more about expected impacts from Compute North’s bankruptcy, capital requirements into 2023, and whether Marathon will begin selling its Bitcoin, he tells investors in his earnings preview note.

Published first on TheFly

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