Payments processor Square Inc. withdraws banking license application: statement

Go back to Payments processor Square Inc. withdraws banking license application: statement

Square (SQ) PT Maintained at $43 at Morgan Stanley; 'Withdrawal of ILC Application Does Not Indicate Reduced Commitment'

July 6, 2018 8:54 AM EDT

Morgan Stanley maintained its price target on Square (NYSE: SQ) at $43.00 while maintaining a Equalweight rating, following an update to the company's ILC application process.

Analyst James Faucette notes SQ reported the withdrawal of its ILC application, suggesting management is focused on... More