BofA analyst Jason Kupferberg notes that Block released "detailed responses" to key investor questions related to last week’s short report and the firm believes that the company’s "robust" response should be positive for shares. The firm, which argues that Block provided "fact-based evidence to refute the essence of the short report" and calls out the Q1 report due on May 4 as the next data point, maintains a Buy rating and $96 price target on Block shares.
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Published first on TheFly
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