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UPDATE - Nomura Securities Initiates Coverage on eBay (EBAY) with a Neutral; Some Still Skeptical

November 11, 2011 10:01 AM EST
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UPDATE - Nomura Securities initiates coverage on eBay (Nasdaq: EBAY) with a Neutral. PT $31.

Analyst, Brian Nowak, said, "We do not believe in internet turnaround stories and are skeptical of the sustainability of the N. American Marketplaces “turnaround.” PayPal, on the other hand, remains in rapid growth mode, although the need to invest will limit margin expansion as it grows in the competitive electronic payments space."


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