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Analyst Downgrades PayPal, Cites Competition

Analyst Downgrades PayPal, Cites Competition

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As more companies jump into the eCommerce payments ring, PayPal is facing competitive pressures, a Wednesday (Nov. 17) MarketWatch report suggests. Wealth management firm Bernstein’s analyst Harshita Rawat has lowered its grade from outperform to market perform, and Rawat reportedly worries of more aggression from rivals that are adopting similar services, including Amazon and Shopify.

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