BTIG maintains a Buy rating on PayPal with a $90 price target after the company announced Alex Chriss as its new CEO. The news is a positive for the shares as the lack of clarity until now on the succession plan “has likely been one of the dampers on share price performance,” the analyst tells investors in a research note. While there are still underlying fundamental issues to address for PayPal, the announcement “is a step in the right direction,” contends the firm.
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