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Fly News Breaks for February 6, 2019
PYPL
Feb 6, 2019 | 07:30 EDT
As previously reported, Guggenheim downgraded PayPal (PYPL) to Neutral from Buy citing balanced risk/reward. Analyst Jeff Cantwell reduced PayPal estimates following the Q4 report and said positives are well understood and reflected in valuation. Cantwell expects near-term headwinds to payment volume growth from Brexit/cross-border, M-T headwinds from eBay (EBAY), and increasing competitive dynamics.
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