PayPal faces ‘muted’ year ahead, analyst warns in downgrade

Shares of PayPal Holdings Inc. are off 1.4% in Wednesday morning trading after Jefferies analyst Trevor Williams cut his rating on the stock to hold from buy, warning that the company faces a “muted” setup for the year ahead.

“The poor optics of downgrading ~40% off the highs are not lost on us,” Williams conceded in his note to clients, but he nonetheless made the move because he thinks that PayPal
PYPL,
-3.31%

could have trouble…

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