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Fly News Breaks for August 20, 2019
PYPL
Aug 20, 2019 | 08:54 EDT
As previously reported, Rosenblatt analyst Ken Hill initiated PayPal with a Buy rating and $126 price target, citing his view that the company is a "steady and strong grower," trading at a reasonable price. He believes the longer-term outlook for PayPal "looks as healthy as ever" despite the slight downward revision in revenue expectations announced with Q2 earnings and also likes the complementary opportunities on both the merchant and consumer sides of the business, Hill tells investors.
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