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Core Scientific upgraded to Buy from Hold at Clear Street

Clear Street analyst Brian Dobson upgraded Core Scientific (CORZ) to Buy from Hold with a price target of $23, up from $14, ahead of Thursday’s shareholder vote. Given the strong stock performance within the peer group, the firm sees it as “increasingly likely” that shareholders vote down the proposed acquisition or that CoreWeave (CRWV) increases its offer, the analyst tells investors.

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