Mizuho Securities lowers Circle target price to $50 from $85

Mizuho Securities has lowered its price target for Circle Internet Group to $50 from $85 and downgraded its rating from Neutral to Underperform, The Block reported. The firm attributed the downgrade to what it described as "Looming pricing pressure," citing concerns that upcoming U.S. stablecoin legislation, such as the GENIUS bill, could intensify competition.