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Fishark
2023-09-18

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MoffettNathanson Downgrades PayPal to Market Perform

As previously reported, MoffettNathanson downgraded PayPal to Market Perform from Outperform with a $75 price target ten days ahead of PayPal's new CEO, Alex Chriss, stepping into the role. While "excited about the fresh start for PayPal" under Chriss' leadership, the firm sees the company and CEO facing a "fresh, but challenging," start, the analyst tells investors.PayPal shares dropped 1.6% in premarket trading Monday.

MoffettNathanson Downgrades PayPal to Market Perform

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