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Fly News Breaks for December 13, 2017
PYPL
Dec 13, 2017 | 07:27 EDT
BMO Capital analyst Paulo Ribeiro raised his price target on PayPal to $85, modeling lower dilution and more cash from the sale of its U.S. consumer credit receivables portfolio announced last month. Ribeiro says the savings from operating expense are also "central to limiting the negative bottom line impact" from the deal. The analyst keeps his Outperform rating on PayPal.
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