B. Riley analyst Lucas Pipes lowered the firm’s price target on Marathon Digital to $6 from $8 and keeps a Neutral rating on the shares. While B. Riley believes that the recently proposed excise tax is unlikely to go without major revision or outright elimination, it would have major impacts on the industry, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MARA:
- Marathon Patent Group call volume above normal and directionally bullish
- Marathon Digital reports $142M cash deposits at Signature Bank
- Marathon Digital Holdings Responds to Closure of Signature Bank, New York, NY
- Crypto names jump as bitcoin rallies above $22,500
- Notable open interest changes for March 13th