UBS Upgrades eBay (EBAY) to Buy

UBS upgrade eBay (Nasdaq: EBAY) from Neutral to Buy and raises their price target from $24 to $28, saying the company's marketplaces business is turning a corner. The firm also cited a renewed focus on the secondary market .

eBay Inc. and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communication offerings to individuals and businesses in the United States and internationally.

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