Macquarie lowered the firm’s price target on PayPal to $75 from $77 and keeps an Outperform rating on the shares after the company reported a “mixed” fiscal Q4 late last week. Its “muted” outlook implies “lots of work ahead” as the company’s tone “seemed more structural than cyclical,” the analyst tells investors. The firm lowered its FY24 and FY25 EPS estimates on guidance and volume commentary.
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