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Jefferies Reiterates Buy on PayPal (PYPL) as Venmo Gains Popularity

November 18, 2015 7:01 AM EST

Jefferies reiterated a Buy rating and $44.00 price target on PayPal (NASDAQ: PYPL) as the company's Venmo product gains popularity. PYPL announced on the latest earnings call they are starting a pilot this quarter to enable PYPL merchants with a "Pay With Venmo"... More