Why Block Shares Are Trading Lower Premarket?

A stock price chart is shown in this undated illustration photo. Burak Kebapci/Pexels

Wedbush analyst Moshe Katri lowered the price target on Block Inc. to $190 from $250 and reiterated Neutral.

The new price target implies a 13.7 percent upside. The re-rating follows the Wedbush-hosted advisor call.