Credit Suisse slashed its price target for PayPal Holdings Inc to $155 from $190 (55.5 percent upside) and reiterated Outperform.
The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors.
The logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near Paris on Dec. 10, 2013. Eric Piermont/AFP via Getty Images
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