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Crypto

Wall Street Zen Downgrades American Bitcoin to Sell

Guavy AI Editorial Team
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BTC ABT
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American Bitcoin (NASDAQ:ABTC) has been downgraded to 'sell' by Wall Street Zen, reversing its previous 'hold' rating. This downgrade follows a string of research reports on the company.

The move comes after several analysts weighed in on American Bitcoin, with Maxim Group setting a $15 price objective and Zacks Research upgrading shares from 'strong sell' to 'hold'. However, Weiss Ratings reaffirmed its 'sell (d)' rating on shares of American Bitcoin.

According to data from MarketBeat.com, the stock currently has a consensus rating of 'hold' with an average target price of $45.00.

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