PayPal Holdings Inc. is about to embark on its next chapter with a new chief executive set to start soon, but one analyst isn’t convinced the company will be able to break from the challenges of its recent past.
SVB MoffettNathanson analyst Lisa Ellis cut her rating on PayPal shares PYPL to market perform from outperform Monday, writing that she expects the company to continue to see “lackluster” gross-profit growth under Alex Chriss, who is set to assume the CEO role Sept. 27.
“[W]hile…
Read the full article here