Mizuho Securities Changes Block Inc. (SQ) Recommendation to Neutral

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Go back to Mizuho Securities Changes Block Inc. (SQ) Recommendation to Neutral

UPDATE: SMBC Nikko Securities Downgrades Block Inc. (SQ) to Neutral, 'Too Many Crosscurrents to be Bullish'

September 21, 2022 5:09 AM EDT

(Updated - September 21, 2022 5:10 AM EDT)

SMBC Nikko Securities analyst Andrew Bauch downgraded Block Inc. (NYSE: SQ) from Outperform to Neutral with a price target of $70.00 (from $120.00).

The analyst comments "Short Term Focused Guidance Strategy Continues to Muddy Medium-Term Visibility - As... More