Shares of PayPal Holdings (NASDAQ: PYPL) were down 2.1% as of 11:31 a.m. ET on Tuesday after one analyst downgraded the stock on concerns of rising costs and lower profits. Susquehanna analyst James Friedman sees PayPal's shifting mix in payment volume toward the Braintree merchant solutions business, which generates a lower profit margin for PayPal, as a headwind for the company. This led Friedman to lower his rating on the stock from positive to neutral. Read More...
Shares of PayPal Holdings (NASDAQ: PYPL) were down 2.1% as of 11:31 a.m. ET on Tuesday after one analyst downgraded the stock on concerns of rising costs and lower profits. Susquehanna analyst James Friedman sees PayPal’s shifting mix in payment volume toward the Braintree merchant solutions business, which generates a lower profit margin for PayPal, as a headwind for the company. This led Friedman to lower his rating on the stock from positive to neutral.
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