Yahoo Finance Live's Brad Smith discusses Susquehanna downgrading PayPal to Neutral.
BRAD SMITH: And before we head to break, checking in on shares of PYPL-- PayPal. You're seeing those shares move lower by about 4% this morning. That's after a Susquehanna analyst downgraded PayPal to Neutral, warning that Braintree-- it's a part of the company which allows retailers to accept online payments-- could have negative impacts on the company's margins and its take rate. Susquehanna also lowered its price target on PayPal from $115 to $110.