Also, Jim Cramer said “newer” fintechs like PayPal should be avoided by investors as legacy financial companies like Visa and Mastercard continue to thrive. The payments firm will be undergoing some changes at the top as Alex Chriss is set to take over as the company’s CEO in the coming days.
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PYPL Gets Downgraded As Cramer Looks To Financial Establishment
MoffettNathanson analysts downgraded fintech PayPal from $85 to $75 as forecasters pointed out its sluggish profits. So reports CNBC.
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