PayPal stock rises as BMO turns more bullish
Shares of PayPal Holdings Inc. rose 1.7% in Wednesday morning trading after BMO Capital Markets analyst Paulo Ribeiro raised his target price on the stock to $85, from $80. He's upbeat about PayPal's November decision to sell its loan portfolio to Synchrony Financial and thinks that the move will be less dilutive to PayPal's earnings per share than Wall Street predicts. He believes that consensus figures underestimate operating expenditures for the credit business and therefore overestimate how... Читать дальше...