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Evercore ISI downgrades Block to underperform and slashes price target

Shares of Block are in trouble, according to Evercore ISI. The firm on Wednesday downgraded shares of the payment company to underperform from outperform and slashed its price target on the company to $55 per share from $120. That's nearly 21%…

Global Courant•

Chinese EV maker BYD can rally nearly 40% after overtaking Tesla in deliveries, Barclays says

China EV maker BYD dethroned Tesla in terms of deliveries last quarter and could be a leading global company, according to Barclays. Analyst Jiong Shao initiated coverage of BYD with an overweight rating and set a $40 price target, implying the st…

Global Courant•
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