Canaccord Genuity Downgrades eBay (EBAY) to Hold
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October 1, 2014 7:27 AM EDT
Wedbush downgraded eBay (NASDAQ: EBAY) from Outperform to Neutral with a price target of $62.00 (from $65.00). The stock was also removed from its Best Ideas List. Yesterday eBay said it would spin off PayPal. Analyst Gil Luria we believe shares are now more fully reflect the value of PayPal.
"We believe the... More
October 1, 2014 6:43 AM EDT
Jefferies downgraded eBay (NASDAQ: EBAY) from Buy to Hold while maintaining a price target of $59.00.
The Jefferies US Internet Team commented, "After 2.5 months of active involvement by Carl Icahn and years of varying degrees of on/off debate and consideration of a possible... More
September 30, 2014 12:37 PM EDT
RBC Capital analyst Mark Mahaney weighed in on eBay (NASDAQ: EBAY) amid news the company will spin-off PayPal, after initially resisting the move. Mahaney views the news as a positive for the stock.
Mahaney cited six keys: 1) Not terribly surprising given... More
September 30, 2014 11:27 AM EDT
Carl Icahn said he is "happy" about eBay (NASDAQ: EBAY) plans to spin-off PayPal.
Below is a statement from Mr. Icahn regarding this morning's announcement by eBay Inc. of its plan to separate the companys eBay and PayPal businesses into independent publicly traded companies:
We are happy that eBays board... More
September 30, 2014 11:13 AM EDT
Susquehanna analyst Brian Nowak bumped his price target on eBay (NASDAQ: EBAY) to $57.00 (from $52.00) following the PayPal spin-off news but maintained a Neutral rating.
"This marks a notable change from eBay's recurring tone this year that the assets are "better... More
