Piper Sandler lowered the firm’s price target on Block (XYZ) to $55 from $58 and keeps an Underweight rating on the shares. The firm notes shares were down about 11% in after-hours trading on a 10c EPS miss vs. consensus. Despite raising its FY25 operating income guidance, the guide was in-line with current consensus expectations which, Piper suspects, underwhelmed investors.
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