Compass Point analyst David Rochester downgraded Silvergate Capital to Neutral from Buy with a price target of $10, down from $16, citing "materially reduced visibility" after the company delayed its 10-K filing.
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Read More on SI:
- Coinbase Puts a Stopper on Transactions with Silvergate Capital
- Canaccord downgrades Silvergate after filing delay contains $4.3B surprise
- Silvergate Capital downgraded to Hold from Buy at Canaccord
- Silvergate Capital downgraded to Underweight from Neutral at JPMorgan
- Silvergate Tanks as Annual Filing is Delayed Amid Widening Losses