Wells Fargo Initiates Coverage On Block with Equal-Weight Rating, Announces Price Target of $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jeff Cantwell has initiated coverage on Block (NYSE:SQ) with an Equal-Weight rating and a price target of $45.
October 31, 2023 | 9:03 am
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Wells Fargo has initiated coverage on Block with an Equal-Weight rating and a price target of $45.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for Block's stock in the short term. The price target of $45 may indicate the analyst's view on the fair value of the stock. However, the impact of this news on the stock price will depend on how the market perceives this rating and price target.
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IMPORTANCE 70
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