PayPal, Bill Holdings Downgraded As Analyst 'Loses Confidence'

On Thursday, Seaport Global analyst Jeff Cantwell downgraded two companies — PayPal Holdings PYPL and Bill Holdings 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 und ...