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The Ratings Game: PayPal is ‘one of the more recession-sensitive names’ in payments, analyst says in downgrade

PayPal Holdings Inc. may see some “short-term upside,” but its stock carries risk amid an uncertain economic backdrop, according to an analyst.

Wolfe Research analyst Darrin Peller downgraded PayPal’s stock PYPL to peer perform from outperform Wednesday as he updated his “base case” model to account for the possibility of a mild recession.

“We…

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