Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says

Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says

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Block (SQ), the payments company formerly called Square, should try to play down its association with bitcoin because the link is holding back its stock, which would otherwise benefit from the company’s improving business fundamentals, Mizuho equity research analyst Dan Dolev wrote in a note to clients.

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