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