Block price target raised to $72 from $67 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Block to $72 from $67 and keeps an Equal Weight rating on the shares. Cash App trends, which remain positive, "drive the investment story," said the firm, which is still "mindful" of decelerating Seller trends. However, it calls Block’s enhanced profitability framework "compelling," especially in light of lessening competitive pressures.