JP Morgan Maintains Overweight on Block, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating on Block (NYSE:SQ) but lowers the price target from $96 to $75.
August 22, 2023 | 12:17 pm
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JP Morgan maintains an Overweight rating on Block but lowers the price target from $96 to $75, which could potentially impact the stock's performance.
The lowering of the price target by JP Morgan, a major financial institution, could lead to a decrease in investor confidence in Block, potentially causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100