B. Riley raised the firm’s price target on Stronghold Digital Mining (SDIG) to $6 from $5 and keeps a Neutral rating on the shares. The analyst views the company’s combination with Bitfarms (BITF) as a positive for both companies. The firm cries the transaction premium for the target increase.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDIG:
- Crypto Currents: Bitfarms to acquire Stronghold in stock-for-stock merger
- Stronghold Digital Mining’s Merger with Bitfarms Ltd.
- Stronghold Digital Mining downgraded to Neutral from Buy at H.C. Wainwright
- Target reports Q2 beat, Walmart sells JD.com stake: Morning Buzz
- Morning Movers: Target surges and Macy’s falls following earnings
Questions or Comments about the article? Write to editor@tipranks.com