Credit Suisse starts Square, PayPal coverage as bull
Square (NYSE:SQ) rises 1.7% after Credit Suisse initiates coverage with an Outperform rating. Sets price target of $84; implies 21% upside potential vs. $69.29 close on Thursday.
Credit Suisse also picks up coverage of PayPal (PYPL -0.6%) with an Outperform rating and $135 price target; implies 15% upside vs. Thursday close of $117.89. Morgan Stanley analyst James Faucette lifts his price target on PayPal to $137 from $129, implying a 16% upside potential
Quant rating for PayPal is Neutral; Sell-Side average rating is Bullish (23 Very Bullish, 11 Bullish, 6 Neutral, 1 Bearish). For Square, Quant rating is also Neutral; Sell-Side average rating is Bullish (13 Very Bullish, 5 Bullish, 16 Neutral, 3 Bearish, 3 Very Bearish).