Citi raised the firm’s price target on PayPal (PYPL) to $48 from $42 and keeps a Neutral rating on the shares. After meeting with management, the firm believes PayPal will focus on fixing its branded checkout. Branded volumes seem to have stabilized in Q1, likely accelerating back towards 2%, the analyst tells investors in a research note. Citi cites PayPal’s current business stabilization for the target boost.
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