eBay (EBAY) Target Raised to $64 at BofA/Merrill Lynch After Form 10 Filed; Sees Positive Risk-Reward

February 26, 2015 9:54 AM EST
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Price: $74.25 --0%

Rating Summary:
    20 Buy, 29 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 16 | New: 44
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BofA/Merrill Lynch analyst Justin Post reiterated a Buy rating and boosted his price target on eBay (NASDAQ: EBAY) to $64.00 (from $61.00) after the company filed the Form 10 on the PayPal spin.

The firm notes the Form 10 indicates slightly higher standalone PayPal op. margins and 2014 FCF than they estimated.

Post likes the risk/reward into the spin and sees an upside case of $73 and downside risk of $53.

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 $58.35 yesterday.

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