H&R Block's stock tumbles after analyst downgrade on concerns over Trump policies
Shares of H&R Block Inc. tumbled 6.9% in afternoon trade Wednesday, after the tax preparer was downgraded at Morgan Stanley, which cited the potential headwinds associated with President-elect Donald Trump's policies and the company's "Refund Advance" plan. Analyst Thomas Allen cut his rating to equal weight, after being at overweight the last three years, and trimmed his stock price target to $25 from $26. He said he was "puzzled" that the stock (HRB) had run up 12% the past four sessions... Читать дальше...