Barclays analyst Ramsey El-Assal lowered the firm’s price target on PayPal (PYPL) to $80 from $110 and keeps an Overweight rating on the shares. The firm says elimination of de minimis tariff exemptions on packages from China will negatively impact non-travel cross-border ecommerce flows. It updated models in the payments space ahead of the Q1 report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PYPL:
- PayPal (PYPL) Partners with TerraPay for Faster Payments in the Middle East
- PayPal price target lowered to $93 from $103 at BofA
- Optimistic Long-Term Outlook for PayPal Amid Macroeconomic Challenges
- PayPal Stock (NASDAQ:PYPL) in Open Decline Over European Troubles, Tariff Hit
- PayPal price target lowered to $94 from $101 at Susquehanna