Gemini price target lowered to $5.50 from $6 at Morgan Stanley

Morgan Stanley lowered the firm's price target on Gemini to $5.50 from $6 and keeps an Equal Weight rating on the shares. Brokers & Exchanges are expected to deliver slightly better-than-consensus Q2 earnings driven by stronger volumes and volatility, with brokers favored for attractive valuations, growth potential, and multiple upcoming catalysts, the analyst tells investors in a research note.