US investment bank issues Circle investment opinion ”neutral to sell”... target revised downward

The U.S. investment bank has adjusted its investment opinion on stablecoin USDC issuer Circle to "sell" and lowered its target price.
According to Decrypto on the 22nd (local time), US investment bank Compass Point announced that it had invested in Circle.
The company downgraded its investment opinion from "neutral" to "sell." The target price for Circle was also lowered to $130. Compass Point said, "After the market-anticipated event occurred, investors sold off shares.
"After the Genius Act came into effect last week, Circle's stock price also gave back some of its gains," he said. The Genius Act also stipulates requirements for stablecoin issuers and the procurement of reserves.
Before the Genius Act came into effect, Circle responded to the news that stablecoins may be incorporated into the system.
The stock price has soared in the past. When the investment opinion was revised downward, Circle's stock price also fell. On the 22nd (local time) on the New York Stock Exchange, Circle's stock price fell 8.23% from the previous day.
The stock closed at $198.31.