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PayPal price target lowered to $90 from $120 at Monness Crespi

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Monness Crespi analyst Gus Gala lowered the firm’s price target on PayPal (PYPL) to $90 from $120 and keeps a Buy rating on the shares. PayPal is already trading at “sub-bottom quartile of historical merchant acquirer takeouts,” says the analyst, who would remain a buyer here and be buying as shares come down.

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