StoneX Sets $42 Target for Bullish on Equiniti Deal
StoneX initiated coverage of Bullish with a Buy rating and a $42 price target, citing potential upside from its $4.2 billion Equiniti deal.
StoneX has initiated coverage of Bullish with a Buy rating and a price target of $42, according to TheBlock. The target implies approximately 97% upside from current levels.
Equiniti Deal and Tokenization
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According to TheBlock, the $4.2 billion Equiniti deal is viewed by StoneX as a catalyst that opens up the tokenization market, providing significant upside potential for Bullish.
Key facts
- StoneX initiated coverage of Bullish with a Buy rating.
- The price target is set at $42.
- The target implies roughly 97% upside from current levels.
- The $4.2 billion Equiniti deal opens the tokenization market.
Source: theblock.co
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