Coinbase To $80? Plus Deutsche Bank Cuts PT On This Stock By 80%

• Citigroup cut the price target on Coinbase Global, Inc. (NASDAQ:COIN) from $105 to $80. Citigroup analyst Peter Christiansen maintained a Buy rating on the stock. Coinbase shares rose 2.1% to $46.95 in pre-market trading.
• Deutsche Bank cut the price target for Rigetti Computing, Inc. (NASDAQ:RGTI) from $10 to $2. Deutsche Bank analyst Sidney Ho downgraded the stock from Buy to Hold. Rigetti Computing shares fell 3.7% to $1.0685 in pre-market trading.
• Piper Sandler cut the price target on TELA Bio, Inc. (NASDAQ:TELA) from $20 to $15. TELA Bio shares fell 5.9% to close at $6.50 on Wednesday.
• BTIG slashed the price target for PAR Technology Corporation (NYSE:PAR) from $60 to $46. PAR Technology shares fell 11.6% to close at $20.38 on Wednesday.
• HC Wainwright & Co. slashed the price target for Precision BioSciences, Inc. (NASDAQ:DTIL) from $20 to $17. Precision BioSciences shares fell 1.5% to $1.30 in pre-market trading.
• Stephens & Co. slashed the price target on Carrols Restaurant Group, Inc. (NASDAQ:TAST) from $4 to $3. Carrols Restaurant shares dropped 4.6% to close at $1.67 on Wednesday.
• Telsey Advisory Group cut the price target on Wolverine World Wide, Inc. (NYSE:WWW) from $23 to $15. Wolverine World Wide shares rose 1% to $11.99 in pre-market trading.

Check out this: Jim Cramer Says Let This Stock Come Down: 'It's Up 21 Points. That's Way Too High'

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