Block price target lowered to $67 from $74 at Truist

Truist analyst Matthew Coad lowered the firm’s price target on Block (XYZ) to $67 from $74 and keeps a Sell rating on the shares as part of a broader research note updating the firm’s models on Payments names after their Q3 results. The firm is cutting its earnings multiple to 21-times to 24-times due to Block taking on more credit risk, the analyst tells investors in a research note. Meet Your ETF AI Analyst Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions Explore ...