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Fly News Breaks for July 10, 2018
PYPL
Jul 10, 2018 | 08:25 EDT
Jefferies analyst John Hecht assumed coverage of PayPal with a Buy rating and $98 price target. The company is best positioned to benefit from broad e-commerce and increasing mobile payments tailwinds, Hecht tells investors in a research note. He also believes Venmo monetization represents upside to his 2020 revenue and earnings estimates.
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