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Benzinga
Benzinga
Business
Priya Nigam

BofA On PayPal CFO Departure, Company's New Strategy

PayPal John Rainey PYPL PayPal Holdings BofA Securities Nasdaq PayPal Holdings Inc Jason Kupferberg

Although there were execution issues at PayPal Holdings Inc (NASDAQ:PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.

The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating for PayPal Holdings while keeping the price target unchanged at $118.

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