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Fly News Breaks for September 11, 2019
PYPL
Sep 11, 2019 | 16:31 EDT
Canaccord Genuity analyst Joseph Vafi assumed coverage of PayPal and upgraded the shares to Buy from Hold with a price target of $118, up from $110. PayPal is a "payments juggernaut," and its growth in payment volumes "at this scale is impressive," Vafi tells investors in a research note. The analyst sees a positive risk/reward following the recent pullback in the shares.
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