Morgan Stanley Initiates Coverage on Coinbase with Hold Rating
Morgan Stanley's Michael Cyprys has initiated coverage on Coinbase (COIN.US) with a hold rating. The analyst sets a target price of $250 for the company.
According to TipRanks, an independent third-party analysis provider, Cyprys has a success rate of 51.9% and an average return of 1.7% over the past year.
Cyprys's ratings are based on his preliminary recommendations, which have been adjusted according to changes in the market.