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Fly News Breaks for September 13, 2017
PYPL, SQ
Sep 13, 2017 | 08:11 EDT
Cantor Fitzgerald analyst Joseph Foresi last night initiated shares of Square with an Overweight rating and $31 price target. The analyst sees the company's increasing market penetration, end-user growth and improving margin profile driving multiple expansion. He notes the shares trade at a discount to PayPal (PYPL) and the group.
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