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Wolfe Research reiterates Peerperform on PayPal stock
Wolfe Research reiterated a “Peerperform” rating on PayPal (NASDAQ:PYPL) stock, noting that its unbranded business could be of interest for asset purchases. The firm also suggested that PayPal’s various assets might trade at higher multiples, and a strategic takeout could create value through cross-selling and cost reduction. This comes amidst reports of potential takeover interest in PayPal, with some suitors eyeing the entire company and others focusing on specific assets.