Citigroup Maintains Buy on Block, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen maintains a Buy rating on Block (NYSE:SQ) but has lowered the price target from $90 to $65.
October 04, 2023 | 3:11 pm
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NEUTRAL IMPACT
Citigroup has maintained a Buy rating on Block but lowered the price target from $90 to $65.
The news is directly related to Block (NYSE:SQ). While the Buy rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of the stock. However, the impact is neutral as the Buy rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100