B of A Securities Downgrades PayPal Holdings to Neutral, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Kupferberg downgraded PayPal Holdings (NASDAQ:PYPL) from Buy to Neutral and reduced the price target from $77 to $66.

December 06, 2023 | 3:15 pm
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NEGATIVE IMPACT
PayPal Holdings was downgraded by B of A Securities from Buy to Neutral with a lowered price target from $77 to $66.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected future performance, which may also negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100