Mizuho Downgrades Circle Stock Amid Rising Stablecoin Competition
Circle Internet Financial (CRCL) has been downgraded by Mizuho Securities to 'underperform' due to intensifying competition in the stablecoin sector. The downgrade includes a $50 price target, implying an 18% downside from current levels.
Topics: Circle competition CRCL stock Mizuho Securities stablecoins