Bullish price target raised to $56 from $45 at Compass Point

Compass Point raised the firm’s price target on Bullish (BLSH) to $56 from $45 and keeps a Neutral rating on the shares following the fiscal Q2 report. The company announced New York State Department of Financial Services approval issued a strong Q3 outlook that is well above Street forecasts, the analyst tells investors in a research note. The firm cites Bullish’s faster U.S. expansion for the target increase.