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Benzinga
Benzinga
Business
Henry Khederian

JPMorgan Remains Overweight On Block (XYZ): What Investors Need To Know

Block,Inc.

Block Inc (NYSE:XYZ) shares are trading marginally lower Friday morning, continuing to digest last week’s third-quarter earnings miss. Despite the recent pullback, J.P. Morgan reiterated its Overweight rating on the stock, citing a significant “step-up in product velocity” following the company’s inaugural Cash App Release. Here’s what investors need to know.

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