PayPal price target lowered to $60 from $65 at Mizuho

Mizuho lowered the firm’s price target on PayPal to $60 from $65 and keeps a Neutral rating on the shares post the Q4 report. The firm believes the skeptics “are likely to dominate the stock” given issues like slowing branded and unbranded payment volume growth and the lackluster transaction margin dollar guidance. The firm expects downward pressure on the stock.