Circle Internet Group (CRCL) shares opened in the red on Aug. 3 as Wall Street ***** ysts issued conflicting calls on the NYSE-listed stablecoin company behind USDC. TD Cowen ***** ysts initiated coverage with a "Buy" rating today, but Morgan Stanley recommended against betting on a swift recovery in CRCL in the back half of 2026.
Circle stock has been in a sharp downtrend in recent months, currently down more than 50% versus its May high.
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