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Morgan Stanley Cuts Block, Inc. to Equal-Weight on Credit Risks

Shares fell 1.73% to $75.14 in premarket trading Monday as the downgrade also cited competition and reinvestment needs.

By Enna Lee
Published
A blank share certificate angled down on a dark stone plinth / TokenPost.ai
A blank share certificate angled down on a dark stone plinth / TokenPost.ai

Block, Inc. shares fell in premarket trading Monday as Morgan Stanley lowered its rating to Equal-weight, citing credit risks, competition and the company’s need to reinvest.

Shares were down 1.73% at $75.14. The Equal-weight rating is equivalent to Hold.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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