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Fly News Breaks for September 24, 2015
XOOM, PYPL
Sep 24, 2015 | 06:12 EDT
Piper Jaffray analyst Gene Munster keeps an Underweight on PayPal (PYPL), his firm's equivalent of a sell rating, after analyzing the company's pending acquisition of Xoom (XOOM). Xoom is too small relative to PayPal and potential synergies are too far out to change the PayPal thesis, Munster tells investors in a research note. He remains uncertain regarding PayPal's value proposition to consumers and merchants. He has a $30 price target for shares.
News For PYPL;XOOM From the Last 2 Days
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