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Fly News Breaks for January 2, 2020
Jan 2, 2020 | 07:32 EDT
Citi analyst Ashwin Shirvaikar recommends investors buy PayPal shares (PYPL) following the company's announcement of a wide-ranging commercial agreement with MercadoLibre (MELI). The analyst says this announcement, in addition to other recent major announcements, including completing the acquisition of its 70% equity ownership of GoPay in China, a major deal to offer PayPal digital wallets as a payments choice in ~200 countries for one of the largest corporate payments banks in the world and the deal to buy Honey, make PayPal a great way to play the secular digital commerce story.
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