Why Block Stock Is Tumbling Today

Shares of Block (NYSE: SQ), the financial technology (fintech) company, were sliding this morning after an analyst lowered his price target for the stock. 

The fintech stock was down by as much as 3.9% as of 10:34 a.m. ET. 

Susquehanna analyst James Friedman lowered Block's price target today to $160, down from his previous price target of $240, and kept a positive rating on the company's shares, according to TheFly.com.

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Source Fool.com