Square Sell-Off Excessive, Upside Remains: Analyst

By | January 21, 2016

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To look at Square’s (SQ) stock chart in 2016 is disappointing, says BTIG analyst Mark Palmer, who remains bullish on the payments firm’s prospects. Investors have been too hasty selling Square stock, Palmer wrote in a research note Thursday. The market is afraid of a recession, and its fear could hurt the small businesses that account for the bulk of Square’s top line. But in a “challenging business environment,” Square’s tools and flexibility Scalper1 News

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