Nomura Securities Maintains a 'Neutral' on eBay (EBAY) 4Q11 Preview

Nomura Securities maintains a 'Neutral' on eBay (NASDAQ: EBAY) price target of $32.00.

Nomura analyst, Brian Nowak, said, "eBay will report 4Q:11 earnings after the market close on Wednesday, January 18th. Despite our expectations for eBay to post 4Q:11 EPS a penny ahead of consensus (Nomura at $0.58 vs Street at $0.57), we remain on the sidelines until we get more certainty around the sustainability of the N. American Marketplaces turnaround, or find sources of material incremental leverage and earnings upside. We are lowering our 2012E EPS from $2.34 to $2.28 due mostly to increased currency headwinds. We expect eBay to lay out 2012 EPS guidance, where we are 2% below consensus of $2.31."

For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.

Shares of eBay closed at $30.62 yesterday.

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