Riot Blockchain price target lowered to $12 from $13 at Roth MKM

Roth MKM analyst Darren Aftahi lowered the firm’s price target on Riot Blockchain to $12 from $13 but keeps a Buy rating on the shares. The company’s January production update saw 6.5% sequential increase, but storm damage that impacted 1.9 exahash per second in mining capacity is expected to persist through the first half of the year, the analyst tells investors in a research note. The firm adds however that the current BTC strength warrants a Buy rating.