- Cleveland Research downgraded PayPal to Underperform from Neutral on Monday.
Cleveland Research cut PayPal to Underperform, saying the turnaround is taking time. Branded checkout trends weakened in Q3 and Braintree faces pricing pressure from rivals, squeezing margins without market share gains. Bank of America also downgraded last week. Shares fell 0.6% to $56.34. Q3 earnings due Oct 27.
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