PayPal price target lowered to $85 from $90 at Jefferies

Jefferies analyst Trevor Williams lowered the firm’s price target on PayPal to $85 from $90 and keeps a Hold rating on the shares. Williams sees risk of a lower-quality mix of revenue in Q4, and expects FY23 revenue to be guided ~3% below Street as ecommerce trends continued to deteriorate throughout the quarter, the analyst tells investors in a research note.