Deutsche Bank upgraded Bullish (BLSH) to Buy from Hold with a price target of $51, down from $52, following the company’s Q3 earnings report. After contracting over 50% from a peak in mid-August and with the shares now 5% below the August IPO price, the firm sees the stock “offering a more compelling risk/return profile” and it sees the company remaining on its planned growth trajectory consistent with its communication post the IPO process, the analyst tells investors.
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