eBay (EBAY) bid ask spreads widen after WSJ reported IntercontinentalExchange (ICE) made takeover offer

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Mizuho Securities Reiterates Underperform Rating on eBay (EBAY)

February 5, 2020 7:15 AM EST

Mizuho Securities analyst James Lee reiterated an Underperform rating and $33.00 price target on eBay (NASDAQ: EBAY). Lee believes the news of ICE potentially acquiring eBay at 30bn, or $37.50 per share, is unlikely due to a lack of synergies with ICEs stock exchange business.... More