🔴 PYPL34.SA falls 4% today after Barclays initiates coverage with Underweight rating, amid broad market and crypto declines

PYPL34.SA is trading at $11.28, down 4% today. Barclays initiated coverage of PayPal (PYPL) with an 'Underweight' rating and a $42 price target. The decline also tracks a wider downturn in the S&P 500 and Nasdaq, both down more than 0.5%, and aligns with declines in Bitcoin and Ethereum due to macro and crypto sentiment.