Morgan Stanley downgrades Block to Equal-weight and cuts target to $80
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Morgan Stanley cut Block to Equal-weight from Overweight and lowered its price target for the stock to $80 from $90 per share in a note on Monday. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA major bank's downgrade of a fintech stock can weigh on sentiment given rising credit risks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Morgan Stanley cut Block to Equal-weight from Overweight.
- 02The price target was lowered to $80 from $90.
- 03The analyst cites rising credit risks and intensifying competition.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets