PayPal valued at about $50 billion ahead of market debut
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UBS Maintains Bullish Views on Apple (AAPL) Following 3Q15
July 22, 2015 10:36 AM EDTUBS reiterated a Buy rating and $150.00 price target on Apple (NASDAQ: AAPL) following 3Q15. Analyst Steven Milunovich said that apart from a soft iPhone number of 47.5mn, APPL's quarter and outlook met consensus expectations. However, it is unclear if Sep guidance includes... More
Jefferies Maintained Hold Rating on Apple (AAPL) Following 3Q Beat
July 22, 2015 8:33 AM EDTJefferies maintained a Hold rating and $135.00 price target on Apple (NASDAQ: AAPL) following 3Q beat. Analyst Sundeep Bajikar said that although the results beat street estimates, the results and guidance missed higher expectations. on top of that, Bajikar said that checks suggested that Apple is facing strong competition, on... More
Piper Jaffray Starts PayPal (PYPL) at Underweight; Cites LT Impact from Emerging Competition
July 21, 2015 6:44 AM EDTPiper Jaffray analyst Gene Munster initiates coverage on PayPal (NASDAQ: PYPL) with a Underweight rating and a price target of $30.00, citing emerging competition long term impact.
Munster commented, "We are initiating on shares of PYPL with an Underweight rating and $30 price target, based our... More
Moody's Downgrades eBay (EBAY) to 'Baa1' Following PayPal Spin
July 20, 2015 10:56 AM EDTMoody's Investors Service, Inc. ("Moody's") has downgraded eBay's (Nasdaq: EBAY) long term issuer and senior unsecured ratings to Baa1 from A2 and short-term rating to Prime-2 from Prime-1. The rating outlook is stable.
These rating actions conclude the review for downgrade initiated on September 30, 2014 following eBay's announcement of its plan to spin-off of its PayPal subsidiary.
RATINGS RATIONALE
The ratings downgrade reflects a weaker, though still strong, credit profile post the spin-off with higher financial leverage, reduced business diversity after the separation of the faster growing PayPal business and Moody's expectation of continued... More
PayPal (PYPL) Completes Separation from eBay (EBAY)
July 20, 2015 9:34 AM EDTPayPal Holdings, Inc. (PayPal) (Nasdaq: PYPL) announced today that it has completed its separation from eBay Inc. (eBay) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol PYPL. The companys leadership team joined with employees and merchants to push the iconic PayPal button to ring the opening bell at Nasdaq to mark the milestone.
PayPal President and CEO Dan Schulman joins employees and customers to push the iconic PayPal button to ring the bell at Nasdaq this morning. PayPal today became an independent publicly-traded company on... More
