Truist Securities Maintains Buy on Block, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Andrew Jeffrey maintains a Buy rating on Block (NYSE:SQ) but lowers the price target from $85 to $70.
October 17, 2023 | 3:50 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Block but lowered the price target from $85 to $70.
The news is directly related to Block (NYSE:SQ). While the maintained Buy rating is positive, the lowered price target could have a negative impact. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100