Jefferies downgraded PayPal stock to a Hold on Wednesday, reducing its target for the stock price to $200 from $255. Read More...
Motley Fool
Why PayPal Stock Dropped Today
Shares of online payments behemoth PayPal Holdings (NASDAQ: PYPL) plunged on Monday and remain down 3.7% as of 3 p.m. ET. As TheFly.com reports today, French investment bank Exane BNP Paribas just cut its rating on PayPal stock from outperform to neutral, and set a $200 price target on the stock. On the one hand, that may sound like good news to you — after all, PayPal shares only cost about $180 and change right now, so a $200 price target implies at least some upside in the stock.
