PayPal shares are trading lower after Daiwa Capital downgraded the stock from Outperform to Neutral and lowered its price target from $64 to $62.
Portfolio Pulse from Benzinga Newsdesk
PayPal's stock trades lower following a downgrade by Daiwa Capital from Outperform to Neutral, with a price target reduction from $64 to $62.
February 13, 2024 | 1:48 pm
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PayPal's stock experienced a decline after Daiwa Capital downgraded the stock and lowered its price target.
Analyst ratings and price target adjustments are significant indicators for investors, influencing stock prices. Daiwa Capital's downgrade from Outperform to Neutral, coupled with a price target reduction, suggests a less optimistic outlook on PayPal's stock, likely leading to a negative short-term impact on its price.
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