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PayPal Rises After Being Added As Payment Option By Apple

PayPal (PYPL) is rising after Apple (AAPL) added it as a payment option, which JPMorgan analyst Tien-tsin Huang sees as a "significant," but difficult to size, win for the payment company. Also viewing the announcement as positive, his peer at Craig-Hallum argued that this is the type of "expanding relationships" that makes PayPal a potential "3 year double."

APPLE AVAILABILITY: In a post to the company's corporate blog last night, PayPal COO Bill Ready announced that its customers will be able to pay for App Store, Apple Music, iTunes and iBooks purchases across iPhone...