By Michael Dabaie

Square Inc. (SQ) shares were up 4% to $64.94 in early trading.

Bank of America Global Research upgraded the credit card payment processing company to Buy from Neutral and raised its price objective to $75 from $70.

"Following significant underperformance in 2019, we see an attractive entry point in SQ," the Bank of America note said. The firm said revenue remains the most important metric for the stock. The Bank of America note said it sees upside potential in Square's initial outlook for adjusted net revenue growth in 2020.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

January 07, 2020 10:12 ET (15:12 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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