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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 16:13 EDT
Oppenheimer analyst Jed Kelly initiated Square with an Outperform and $35 price target saying he sees continued upside from execution on core initiates to expand into multiple revenue channels. The analyst believes Square's cohesive user experience is enabling the company to create a differentiated product that is in the early stages of utilizing its vast payment data to build an ecosystem for small businesses that can obtain products such as loans, marketing services, inventory management and ecommerce solutions.
News For SQ From the Last 2 Days
Oct 18, 2017 | 04:57 EDT
Citi analyst Peter Christiansen raised his price target for Square to $38 citing confidence for rising incremental margin growth. The analyst is "impressed" by the pace of Square's momentum over the past nine months and keeps a Buy rating on the shares.
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