Morgan Stanley upgrades Block to 'overweight', raises PT to $67

Morgan Stanley upgrades payments firm Block XYZ.N to "overweight" from "equal weight" rating

Brokerage says XYZ has an attractive valuation opportunity and potential for better cost savings

Brokerage raises PT to $67 from $65, a ~15.7% upside on stock's last close

36 of 45 brokerages rate the stock "buy" or higher, seven "hold" and two "sell"; their median PT is $92.67 - LSEG data

Including session's moves, stock down ~35.8% YTD