BofA analyst Jason Kupferberg raised the firm’s price target on Block (XYZ) to $94 from $88 and keeps a Buy rating on the shares. “Solid” Q2 results were boosted by strong performance in the Square business and improving trends in Cash App, the analyst tells investors. The firm, which thinks “there is a lot to like” in Q2 results, notes that full-year guidance was raised and says the company struck a positive tone, noting it is “back on offense.”
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