PayPal Completes Acquisition of Xoom

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Baird Affirms PayPal (PYPL) at 'Outperform' Following Xoom Acquisition; Says Apple Pay Remittance Misunderstood

November 12, 2015 12:43 PM EST

Baird affirms PayPal (Nadaq: PYPL) at Outperform with a price target of $45 following recent Apple chatter and its completion of the Xoom acquisition.

Analyst Colin Sebastian noted the following points:

Apple Pay remittance threat is misunderstood: In... More