PayPal: PayPal, Bill Holdings Downgraded As Analyst 'Loses Confidence'

On Thursday, Seaport Global analyst Jeff Cantwell downgraded two companies - PayPal Holdings (NASDAQ:PYPL) and Bill Holdings (NYSE:BILL) - as he has lost confidence that either will eventually meet their previously stated guidance in this new paradigm.PayPal went from Neutral to Sell and Bill went from Buy to Neutral.What Happened: Cantwell adjusted his numbers and price targets lower across the board in Fintech ahead of earnings. This reflects how this new, emerging 'tariff-heavy' paradigm will eventually impact names under his coverage.Federal Reserve Chair Jerome Powell also signals that the Fed can't help, at least not yet. Therefore, most of the adjustments to his numbers also hone in on the back half of fiscal 2025 ...Full story available on Benzinga.com