eBay PayPal can maintain growth after president departs, says JMP Securities

After eBay's PayPal announced that its president is leaving the company, JMP Securities was surprised by the news. However, the firm thinks that PayPal has a deep bench, while the hands-on management style of eBay's CEO will help enable the unit to maintain its growth until a new president of PayPal is named. The firm keeps a $60 price target and Outperform rating on eBay.

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