Why Square Stock Just Jumped Today
Shares of Square (NYSE: SQ) popped 4.6% in noonday trading Wednesday. French investment bank Oddo BHF initiated coverage of Square this morning, TheFly.com reports, and Barclays (NYSE: BCS) just raised its price target on the point-of-sale credit card processor to $330.
Image source: Getty Images.
There's not much detail on why Oddo initiated coverage of Square today, and in any case, the analyst there only gave the stock a neutral rating, so it may not be overly optimistic.
Source Fool.com
