Bank of America and PayPal Partner to Enable In-Store Payments and Account Linking
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PayPal (PYPL) PT Raised to $52 at Cowen
July 27, 2017 8:01 AM EDTCowen raised its price target on PayPal (NASDAQ: PYPL) to $52.00 (from $48.00) while maintaining a Market Perform rating. Strong 2Q results exceeded revenue estimates by ~150 bps, with a more modest EPS beat of $0.01, resulting in the second guidance raise of the year.
Cowen raised 2017 and 2018 adj. EPS estimates to $1.84 and $2.23, respectively.
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