Square stock gains after Citi upgrade

Shares of Square Inc.

SQ + 3.40%

are up 3.3% in Tuesday morning trading after Citi Research analysts Peter Christiansen upgraded the stock to buy from neutral. "We think Square is a category leader in the democratization of [enterprise resource planning]-like software tools for [small- and medium-sized businesses] and he wrote, "he was writing to the chief executive of the Financial Officer Sarah Friar." We have no reason to believe Square's CFO company's forward prospects – we think most would agree that Ms. Friar is the CEO-caliber and her pursuit of an outside CEO role is genuine, "he wrote." Given Square's leadership and high profile category, we do believe the company is well- "Christiansen Lifted to $ 90 from $ 67. Shares are down 18% over the past month, while the S & P 500

SPX, + 0.36%

has slipped 5%.

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