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Why Block Stock Slipped Today

TheMotleyFool

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There's bad news and good news (and more bad news) for investors in fintech powerhouse Block (NYSE: SQ) today.

The bad news: Investment bank Jefferies just cut its price target on the stock by 33%, to just $70 a share.

The good news: $70 a share is still 26.5% more than what Block stock is selling for today, and so Jefferies recommends buying the stock despite the price-target cut.

Source Fool.com

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