Morgan Stanley Cuts Mara Holdings Price Target to $5.50, Shares Fall 2%

Morgan Stanley lowered Mara Holdings’ price target to $5.50 from $7 and maintained an Underweight rating as the stock slid nearly 2% in morning trading. Year-to-date, Mara Holdings has gained just under 30%, lagging peers TeraWulf’s 85% gain and Riot Platforms’ 63% advance.