Why Block Stock Was Bucking the Doomsayers Today
Who's afraid of an analyst price target cut or downgrade?
Apparently not Block (NYSE: SQ) investors, who in Tuesday afternoon trading were showing their company plenty of love despite bearish new analyst notes. The high-profile fintech's shares were up by nearly 3%, outpacing the slightly over 2% rise of the S&P 500 index.
Before market open on Tuesday, Macquarie prognosticator Paul Golding downshifted his recommendation to neutral; previously he rated it an outperform (buy, in other words).
Source Fool.com
