S&P 500 slips as PayPal, chip stocks weigh
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- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- First Financial to acquire Hickory Point Bank in $111.3M deal
- McKesson reports cybersecurity incident affecting its information systems
- Affirm Holdings (AFRM) Tops Q4 EPS by $3.77, Beats on Revenue
- Nasdaq, S&P 500 lifted by Nvidia's forecast; investors eye speech by Fed's Warsh
- Mizuho is bullish on Broadcom ahead of Sept. 2 earnings, citing 30-quarter streak
PayPal's (PYPL) selloff 'overblown,' Mizuho analyst reiterates buy rating
May 11, 2023 11:56 AM EDTThe PayPal (NASDAQ: PYPL) selloff is overblown, according to Mizuho analyst Dan Dolev, who reiterated a Buy rating and $92 price target on the stock in a note to clients Thursday.
PayPal shares fell over 12% Tuesday post-earnings and a further 3% on Wednesday, falling... More
RBC Capital Comments on PacWest Bancorp (PACW) 10-Q
May 11, 2023 8:42 AM EDTRBC Capital analyst Jon Arfstrom reiterated an Outperform rating and $17.00 price target on PacWest Bancorp (NASDAQ: PACW).
The analyst comments "We remain in a difficult environment for the industry and news travels fast, but the recent disclosures align with the companys stated strategy of optimizing the asset... More
