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The Ratings Game: Many payments stocks are ‘defensive plays’ — but not Square’s, says analyst

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Payments stocks including Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Global Payments Inc. remain “defensive plays” in the current inflationary landscape, but Block Inc.’s stock carries risk, according to one analyst.

Oppenheimer’s Dominick Gabriele downgraded shares of the Square parent company to perform from outperform late Tuesday, writing of his caution on the name — especially after a recent rally that sent shares shooting up 43% over three months.

“Given…

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