UBS Downgrades Block to Neutral, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Rayna Kumar has downgraded Block (NYSE:SQ) from Buy to Neutral and lowered the price target from $102 to $65.
September 06, 2023 | 10:08 am
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NEGATIVE IMPACT
UBS has downgraded Block (NYSE:SQ) from Buy to Neutral and lowered the price target from $102 to $65.
The downgrade from UBS and the lowering of the price target could negatively impact investor sentiment towards Block, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100