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Block upgraded to Equal Weight by Morgan Stanley. Stock falls lower.
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Block, Inc. (XYZ) received an upgrade to Equal Weight by Morgan Stanley analysts, citing the fintech company's valuation is "reflective of risks." The stock continues to fall since missing revenue and profit estimates, reported last week, plunging nearly 25% over the last five sessions.
Brad Smith and Seana Smith report more on this analyst commentary.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
braThis post was written by Luke Carberry Mogan.
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