PayPal Stock Gets Downgraded, but Another Analyst Says Stay Patient – Barrons

PayPal Holdings was the subject of debate on Wednesday, with BofA Securities downgrading the stock to Hold, while Morgan Stanley maintained its bullish stance in a new research note.

BofA Securities analyst Jason Kupferberg cut his rating on shares of the payments platform to Neutral from Buy, and lowered the price target to $107 from $175 Wednesday. But Morgan Stanley analyst James Faucette maintained his Overweight rating and reiterated his price target of $190.

Leave a comment

Your email address will not be published. Required fields are marked *