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Fly News Breaks for September 25, 2018
SQ
Sep 25, 2018 | 08:22 EDT
Jefferies analyst John Hecht raised his price target for Square to $88 after taking a detailed look at the company's non-payments businesses. The analyst, however, keeps a Hold rating on the shares. Various sum-of-the-parts analyses points to current premium valuations for each segment, suggesting "strong growth and successful execution is likely priced-in," Hecht tells investors in a research note. While Square's Subscription & Services products are "no doubt well positioned," the stock's valuation remains full, Hecht contends.
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