Morgan Stanley Maintains Overweight on PayPal Holdings, Lowers Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an 'Overweight' rating on PayPal Holdings (NASDAQ:PYPL) but lowered the price target from $126 to $118.
November 02, 2023 | 6:56 pm
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Morgan Stanley has maintained an 'Overweight' rating on PayPal Holdings but lowered the price target from $126 to $118.
The news is directly about PayPal Holdings. While the 'Overweight' rating is positive, indicating that Morgan Stanley expects the stock to outperform its peers, the lowering of the price target could have a neutral to slightly negative impact on the stock in the short term as it suggests a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100