$BLSH | Keefe, Bruyette & Woods ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ on ๐๐๐น๐น๐ถ๐๐ต, cuts PT to $๐ฐ๐ฌ from $๐ฑ๐ฑ
Analyst sees the Equiniti deal shifting Bullishโs investment case, while required revenue synergies remain difficult to underwrite.