Marqeta stock carries a 'meaningful amount of uncertainty,' Morgan Stanley says in downgrade

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Marqeta stock carries a 'meaningful amount of uncertainty,' Morgan Stanley says in downgrade
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Marqeta Inc. shares lost 3% in Monday's session after Morgan Stanley ended its bullish call on the card-issuing name.

Marqeta Inc. shares lost 3% in Monday’s session after Morgan Stanley ended its bullish call on the card-issuing company.

A... Marqeta Inc. shares lost 3% in Monday’s session after Morgan Stanley ended its bullish call on the card-issuing company. A key issue for Marqeta MQ is that the company needs to renew its deal with Block Inc. SQ , its major customer, and there are “a very wide range of potential outcomes,” which raises the risk profile for the stock. Marqeta powers Block’s Cash Card.

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