** Fintech co Block's shares XYZ.N gain 2.7% premarket to $63.41
** Evercore upgrades from "in line" to "outperform", PT from $58 to $75
** Brokerage less worried about Cash App lending being too aggressive, understands co's risk/losses model
** Notes low-end consumer spending trends benefit Cash App, expects co to benefit from Square's new products
** Sales strategy expansion under Sales Lead and Afterpay co-founder Nick Molnar viewed as growth driver
** Jefferies raises PT from $70 to $75, rates it "buy"
** Avg rating by 45 analysts is "buy;" median PT $70 — as per data compiled by LSEG
** As of last close, XYZ down 27.3% YTD
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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