Block to Announce Second Quarter 2024 Results
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Gimme Credit initiates coverage of Block (SQ) bonds at Outperform
July 5, 2024 7:42 AM EDTCorporate bond research firm Gimme Credit initiated coverage of Block (NYSE: SQ) with an Outperform rating in a note Friday, citing strong financial performance and improving creditworthiness.
Following a positive first quarter, Block raised its 2024 guidance. While competition and regulations pose risks, Gimme Credit expects Block's renewed focus on profitability to translate into significant EBITDA and free cash flow... More
