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PayPal price target increased as analyst says the stock is the 'top idea' for 2017

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Shares of PayPal Holdings Inc. PYPL, +0.88% were climbing 1.3% in premarket trade Thursday after the price target was raised to $70 from $54 at Monness, Crespi, Hardt. James Cakmak, the analyst on the note, says PayPal was already the firm's "top idea" for 2017, followed by Alphabet Inc. GOOG, +0.76% GOOGL, +0.78% but that coming opportunities with PayPal's Venmo and with partnerships caused...