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PayPal's Deal with Visa Leaves Investors Questioning Benefits

PayPal (PYPL) stock tumbled Friday amid questions about the bottom-line benefits of a partnership with rival Visa (V) that the two companies said would build their individual brands and give consumers more payment options.

"While the Visa agreement likely opens up more possibilities as it relates to partnerships and providing access to the physical point of sale, the ultimate impact to the financial profile of the company is likely to create a fair amount of uncertainty," Sanjay Sakhrani, a Keefe, Bruyette & Woods analyst, wrote in a note. KBW has an "outperform" rating on PayPal and a price target of $44.

The stock tumbled 7% to $37.27 on Friday, while Visa saw a slight increase of 0.47% to $79.16. The PayPal deal was viewed as a...


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