PayPal price target lowered to $100 from $105 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on PayPal to $100 from $105 and keeps a Buy rating on the shares. The analyst believes e-commerce trends worsened in January. Although PayPal’s share of web traffic across partner sites slowed considerably in January, there is no concrete evidence of a step-up in market share losses to Apple Pay, the analyst tells investors in a research note. The firm believes slower e-commerce trends "merit more caution" in PayPal shares.