Berenberg analyst Tammy Qiu raised her price target for Worldpay (WP) to $120 saying there is room for 2020 cost synergy upside. Worldpay will guide for 2019 synergies in the next few months, Qiu tells investors in a research note. The analyst views the company's $100M revenue synergy guidance as conservative and keeps a Buy rating on the shares. Qiu this morning also initiated PayPal (PYPL) with a Buy rating and $104 price target.

DMG Blockchain Solutions (DMGGF) announced a strategic collaboration with PayPal (PYPL) and Energy Web to explore ways to decarbonize the Bitcoin blockchain. The companies are working together on developing methods for transacting on the Bitcoin network which would expand its use as a carbon neutral payment rail, thus advancing its application. DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions. PayPal, with its focus on developing its bitcoin payment rail, has been a leader in new payment technologies with the introduction of its enhanced services by integrating blockchain technology, launching the PayPal USD stablecoin with Paxos Trust Company in August 2023 for efficient transactions.