Citizens JMP lowered the firm’s price target on PayPal (PYPL) to $100 from $110 and keeps an Outperform rating on the shares. PayPal reported mixed Q2 results, but Citizens remains positive on the shares as the company is making progress on its initiatives with its new checkout experience now live on 60%+ of U.S. checkout transactions while PayPal added 2M first-time PayPal and Venmo debit card users in the U.S., the analyst tells investors in a research note.
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