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Fly News Breaks for October 11, 2019
SQ
Oct 11, 2019 | 07:30 EDT
As reported previously, Susquehanna analyst James Friedman upgraded Square to Positive from Neutral. The analyst insisted he is not make a call on the quarter but noted the stock's underperformance was due to valuation, decelerating margin expansion and decelerating GPV growth. He said he sees the company's return on margin reinvestment on the horizon and so raises his GPV and revenue estimates above consensus. Friedman has a $77 price target on Square shares.
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