Monday, April 1, 2013

EBAY: eBay (EBAY) +2.5% on an upgrade to Buy from...

9:26 AM eBay (EBAY) +2.5% on an upgrade to Buy from Canaccord, which is raising its PT to $67 from $56. Separately, Jefferies (Buy) is raising its PT to $66 from $62 in response to eBay's bullish analyst day remarks (I, II). "Per management, eBay has built the platform ... that could help its clients survive and thrive in this new world of omnichannel retail. With this transition, eBay estimates its addressable market expands 10x." Read comments

EBAY price at time of publication: $54.22. Check EBAY price now »

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