Paypal shares rise as Deutsche Bank reiterates buy rating

PayPal Holdings Inc. rose Monday after Deutsche Bank reiterated its buy rating on the company’s shares and raised the stock’s price target to $44 from $42. Deutsche Bank analyst Bryan Keane projected solid earnings when the company releases its quarterly results next week and noted that Paypal trades at a discount to its peers “despite significantly higher growth rates and unique digital payment asset.” Paypal shares gained 1.3% to $34.72.

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