eBay (EBAY) Numbers Trimmed at BofA/Merrill Lynch; 'Buy' Maintained

BofA/Merrill Lynch analyst Justin Post lowered his price target on eBay (NASDAQ: EBAY) to $60.00 (from $62.00) following Q3 results but maintained a Buy rating.

The firm is lowering 2015 rev. est. by $240mn but increasing our below-street EPS to $3.27 from $3.25 on below the line items.

"With 2 years of missed guidance, and organic rev. growth at 10% vs a 15x 2015E P/E, we aren't expecting a big stock bounce as investors do not appear to be in a hurry to position for the spin," the analyst said.

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 $50.24 yesterday.

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