Bank of America analyst Jason Kupferberg upgraded Square Inc. to Neutral from Underperform with a price target of $221, up from $210, implying a 3.85 percent upside.
The “deceleration risk” of the company’s Cash App business has been “more appropriately” priced in as the stock now trades 25 percent below August highs and 15 percent since reporting a Q3 earnings miss earlier this month.
