November 4, 2014 9:17 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Canaccord Genuity analyst Laura Champine downgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: LL) from Buy to Hold, and lowered the price target from $74.00 to $51.00.In the report, Canaccord Genuity noted, “Lumber Liquidators missed consensus expectations in every quarter this year, and it lowered top- and bottom-line 2014 guidance in each of the last two periods. LL management has little control over pricing at POS and has left its sales team with an abundance of less attractive inventory as it manages through major changes to product and distribution and attempts to recover from Q2's sourcing mistakes. LL's conversion rates and margins are likely to remain weak against this backdrop in the near term. Heavy clearance of substitute SKUs and old Bellawood product, coupled with elevated levels of discounting at the point of sale should continue to pressure gross margin through H1:15. Company-specific fundamentals no longer support a Buy rating, in our opinion.”Lumber Liquidators Holdings closed on Tuesday at $54.30.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.