Here’s Why Credit Slashed Its Price Target on PayPal

Here’s Why Credit Slashed Its Price Target on PayPal
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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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.