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Fly News Breaks for November 21, 2019
PYPL
Nov 21, 2019 | 09:22 EDT
Stephens analyst Brett Huff said he likes PayPal's deal to buy Honey as he sees it increasing the key PayPal value proposition of providing best-in-class conversions at merchant websites. The purchase of Honey also gets the PayPal consumer intent data and moves the company up in the marketing funnel and commerce process, added Huff. Additionally, he sees the purchase as "very growth rate accretive" believes it should drive user engagement increases, the analyst tells investors. He keeps an Overweight rating on PayPal shares with a $125 price target.
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