Susquehanna lowered the firm’s price target on PayPal (PYPL) to $90 from $94 and keeps a Positive rating on the shares. The firm trimmed the company’s Q4 estimates, saying its branded experiences may decelerate a few points in the quarter. The segment may not be ramping as fast as initially expected, the analyst tells investors in a research note. Susquehanna believes PayPal’s overall growth outlook could be more gradual than initially anticipated.
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