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PYPL

PayPal

$79.35

-0.34 (-0.43%)

12:07
02/27/18
02/27
12:07
02/27/18
12:07

PayPal settles FTC charges regarding Venmo disclosures

The Federal Trade Commission announced that it has reached a settlement with PayPal over allegations that the company told users of its Venmo peer-to-peer payment service that money credited to their Venmo balances could be transferred to external bank accounts without adequately disclosing that the transactions were still subject to review and that funds could be frozen or removed. As part of the proposed settlement with the FTC, Venmo is prohibited from misrepresenting any material restrictions on the use of its service, the extent of control provided by any privacy settings, and the extent to which Venmo implements or adheres to a particular level of security. Venmo is also required to make certain disclosures to consumers about its transaction and privacy practices, and is prohibited from violating the Privacy Rule and the Safeguards Rule. Consistent with several past cases involving violations of Gramm-Leach-Bliley Act Rules, Venmo is required to obtain biennial third-party assessments of its compliance with these rules for 10 years. Reference Link

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PYPL PayPal
$79.35

-0.34 (-0.43%)

02/05/18
WELS
02/05/18
UPGRADE
WELS
Outperform
PayPal upgraded to Outperform from Market Perform at Wells Fargo
02/05/18
WELS
02/05/18
UPGRADE
Target $95
WELS
Outperform
Wells Fargo upgrades PayPal to Outperform following 10% selloff
Wells Fargo analyst Timothy Willi upgraded PayPal (PYPL) to Outperform from Market Perform and raised his price target for the shares to $95 from $90. The stock closed Friday down 2% to $76.57. The strength of PayPal's competitive position and "substantial tailwinds" driving e-commerce growth will outweigh any negative earnings headwind that may emerge from the company's transitioning relationship with eBay (EBAY), Willi tells investors in a research note. The analyst views the 10% pullback in PayPal shares since January 31 as a buying opportunity. He believes the company is in an "extremely strong position" to enhance its earnings growth over the next several years
02/05/18
02/05/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lowe's (LOW) upgraded to Buy from Hold at Jefferies with analyst Daniel Binder saying his "deep-dive" analysis suggests the company can double EBIT and triple earnings within five years. 2. Charter (CHTR) upgraded to Outperform from Market Perform at Wells Fargo with analyst Marci Ryvicker saying she has "renewed confidence" in a successful turnaround despite a tough competitive environment. 3. Sprint (S) upgraded to Sector Weight from Underweight at KeyBanc with analyst Brandon Nispel saying the third quarter results were better than feared. 4. PayPal (PYPL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Timothy Willi saying the strength of PayPal's competitive position and "substantial tailwinds" driving e-commerce growth will outweigh any negative earnings headwind that may emerge from the company's transitioning relationship with eBay (EBAY). 5. Norwegian Cruise Line (NCLH) upgraded to Overweight from Neutral at JPMorgan analyst Joseph Greff saying he believes demand and pricing trends in the Cruise Line industry continue to show momentum, and his channel checks indicate Norwegian has had the most pricing momentum over the past few months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/18
KEYB
02/08/18
NO CHANGE
Target $90
KEYB
Overweight
PayPal should be bought on any weakness, says KeyBanc
KeyBanc analyst Josh Beck notes that PayPal (PYPL) is deeply ingrained in the eBay (EBAY) experience, which could limit volume losses. The analyst also believes the strategic flexibility to promote other options or new branded wins is meaningful, and Venmo remains an important lever to increase penetration. Beck reiterates a Buy rating and $90 price target on PayPal shares, arguing that profitable e-Commerce pure play is not reflected in the valuation.

TODAY'S FREE FLY STORIES

SYRS

Syros Pharmaceuticals

$12.35

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EQGP

EQT GP

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EQT Midstream Partners

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0.49 (0.90%)

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Rice Midstream to host special shareholder meeting »

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RMP

Rice Midstream

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CRSP

Crispr Therapeutics

$59.61

-6.13 (-9.32%)

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Crispr Therapeutics tells CNBC does not use methods described in paper »

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MAS

Masco

$37.79

-0.22 (-0.58%)

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Bullish option play opened in Masco ahead of earnings »

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  • 31

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CRSP

Crispr Therapeutics

$59.09

-6.65 (-10.12%)

13:55
07/16/18
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Options
Crispr Therapeutics put volume heavy and directionally bearish »

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13:50
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13:50
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General news
U.S. equities are up from earlier lows »

U.S. equities are up from…

ECA

Encana

$12.84

-0.4 (-3.02%)

13:45
07/16/18
07/16
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13:45
Options
Encana call volume above normal and directionally bullish »

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  • 08

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ADS

Alliance Data

$220.17

-23.32 (-9.58%)

13:44
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07/16
13:44
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13:44
Technical Analysis
Technical Take: Alliance Data comes off the lows of the day »

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  • 19

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CRM

Salesforce

$147.50

-0.18 (-0.12%)

13:39
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13:39
Hot Stocks
Salesforce announces definitive agreement to acquire Datorama »

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  • 18

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YELP

Yelp

$40.33

0.54 (1.36%)

13:35
07/16/18
07/16
13:35
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13:35
Options
Yelp put volume heavy and directionally bearish »

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LBIX

Leading Brands

$1.62

-0.06 (-3.57%)

13:32
07/16/18
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13:32
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13:32
Hot Stocks
Leading Brands announces resolution of temporary non-compliance with Nasdaq rule »

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STM

STMicroelectronics

$22.84

0.2 (0.88%)

13:25
07/16/18
07/16
13:25
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Options
STMicroelectronics call volume above normal and directionally bullish »

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  • 25

    Jul

13:25
07/16/18
07/16
13:25
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13:25
Conference/Events
Stephens agricultural analyst to hold an analyst/industry conference call »

Agriculture, Chemicals,…

EDIT

Editas Medicine

$36.20

-1.71 (-4.51%)

, NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

13:23
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Periodicals
Editas tells CNBC 'not specifically concerned about' Crisper study »

Editas Medicine (EDIT)…

EDIT

Editas Medicine

$36.20

-1.71 (-4.51%)

NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

03/08/13
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CVS

CVS Health

$68.30

-0.33 (-0.48%)

13:19
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13:19
Periodicals
CVS apologizes after store managers call police on black customer, AP says »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/16/18
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13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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Technical Analysis
NYSE market internals summary »

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PEGI

Pattern Energy

$17.84

0.75 (4.39%)

13:10
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Options
Change of sentiment in Pattern Energy »

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13:05
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Conference/Events
The Brookings Institution to hold a conference »

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C

Citi

$69.22

2.22 (3.31%)

13:04
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Citi reports June credit loss 2.60% vs. 2.78% last month »

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ORMP

Oramed

$5.89

-0.08 (-1.34%)

13:02
07/16/18
07/16
13:02
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13:02
Downgrade
Oramed rating change  »

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QDEL

Quidel

$69.21

0.03 (0.04%)

13:01
07/16/18
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13:01
Hot Stocks
Quidel receives FDA clearance to market Solana Bordetella Complete Assay »

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RRD

R.R. Donnelley

$5.53

-0.11 (-1.95%)

13:00
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07/16
13:00
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13:00
Options
4K RR Donnelley and Sons Aug 6 calls trade for 24c »

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13:00
07/16/18
07/16
13:00
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General news
Fed Chairman Powell's Monetary Policy testimony Tuesday won't break new ground »

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AMD

AMD

$16.85

0.575 (3.53%)

12:59
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AMD jumps after analyst sees product transition to expand margins »

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