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

Core Viewpoint - Truist analyst Matthew Coad has lowered the price target for Block (XYZ) to $67 from $74 and maintains a Sell rating on the shares due to increased credit risk taken on by Block [1] Summary by Category Price Target Adjustment - The price target for Block has been reduced from $74 to $67 [1] Earnings Multiple - The earnings multiple is being cut to a range of 21-times to 24-times as a result of Block's increased credit risk [1] Analyst Rating - Truist maintains a Sell rating on Block shares following the adjustments made in the research note [1]