Keefe Bruyette last night initiated coverage of CoinShares with an Outperform rating and $9 price target. CoinShares is an asset management company providing investors exposure to digital assets, the analyst tells investors in a research note. Keefe views the company as well positioned to benefit from the continued adoption of digital assets given its \"entrenched European foothold.\" CoinShares also has a \"differentiated\" U.S. growth strategy targeting actively managed and multi-asset product offerings, contends the firm. It views the shares as attractive at current levels.
