Carl Icahn 'Happy' With eBay (EBAY) PayPal Spin-Off News

Wedbush Downgrades eBay (EBAY) to Neutral

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

Jefferies Downgrades eBay (EBAY) to Hold on PayPal Spin-Off

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

eBay (EBAY) Hold Rating Maintained at Deutsche Bank

Deutsche Bank maintained a Hold rating on eBay (NASDAQ: EBAY) with a modified price target of $57 (from $55). Earlier eBay said it plans to spinoff PayPay. Analyst Ross Sandler thinks some value as already been realized.

"Having witnessed many Internet spins, our preferred playbook around whether investors should get involved post-announcement involves: 1) unlocking value by isolating hidden assets (think IACI in 2008), 2)... More

eBay (EBAY) Buy Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated a Buy rating on eBay (NASDAQ: EBAY) with a price target of $63. Earlier eBay said it plans to spin off off PayPal. Analyst Youssef Squali expects the transaction will unleash potential.

"Today's announcement is in line with our stated belief that... More

RBC Capital Positive on eBay (EBAY) PayPal Spin-Off

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

eBay (EBAY) Plan to Spin-Off PayPal to Unlock Value - Baird

Baird analyst Colin Sebastian weighed in on eBay (NASDAQ: EBAY) after the company announced plans to spin-off PayPal.

"While not without risks (i.e., Marketplace subsidization of overhead costs, customer acquisition, network effects) we believe a separate Payments platform provides better operational transparency for investors, as well as a distinguishable growth strategy... More

eBay (EBAY) PT Bumped to $57 at Susquehanna on PayPal Spin

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

Dan Loeb's Third Point LLC has a 'significant' stake in eBay (EBAY) - CNBC

Dan Loeb's Third Point LLC has a 'significant' stake in eBay (NASDAQ: EBAY) - CNBC

Notable Mergers and Acquisitions of the Day 9/30: (EBAY) (NWSA)/(MOVE) (JCI) (JNJ)

* eBay (NASDAQ: EBAY) said its Board of Directors, following a strategic review of the companys growth strategies and structure, has approved a plan to separate the companys eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value, the company said.

eBay and PayPal are two great businesses with leading global... More

Canaccord Genuity Downgrades eBay (EBAY) to Hold

Canaccord Genuity downgraded eBay (NASDAQ: EBAY) from Buy to Hold.

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 $52.66 yesterday.

Pre-Open Stock Movers 9/30: (MOVE) (DLIA) (VIMC) (EBAY) Higher; (TA) (DWA) (SGEN) Lower (more...)

Move, Inc. (Nasdaq: MOVE) 36.9% HIGHER; News Corp (NASDAQ:... More

eBay's (EBAY) Spin of PayPal 'Makes Sense'; Cowen Offers Initial Commentary

Cowen and Company offers initial commentary on eBay's (Nasdaq: EBAY) plan to spin-off its PayPal unit into an independent, publicly-traded company.

Analyst John Blackledge commented, In our view, the Paypal spin makes a great deal of sense given 1) there is manageable overlap between the two... More

eBay (EBAY) SOTP Up to $88.74/Share Amid PayPal Spin-Off - SunTrust Robinson Humphrey

Amid today's news from eBay (NASDAQ: EBAY) that it will spin-off PayPayl, SunTrust Robinson Humphrey analyst Robert Peck pointed clients to work they did in March on the topic, which suggested a SOTP price of $55.72-$88.74/share.

eBay (EBAY) Resumes Trading Up 12%

eBay (NASDAQ: EBAY) resume trading up 12% after announcing plans to spin-off Pay Pal.

American Express (AXP) Names New Enterprise Growth Group President (EBAY)

The following announcement from American Express (NYSE: AXP) is in the form of a letter to employees from Kenneth I. Chenault, CEO:

Im writing to let you know about a change in the leadership of Enterprise Growth. Dan Schulman, Group President of Enterprise Growth, has informed me of his decision to leave American Express and join eBay, Inc., where he will become CEO of their PayPal business. With Dan's departure, we have appointed Neal Sample, Enterprise Growths Chief Information Officer and Chief Marketing Technologist, to lead the group going forward. Effective immediately, Neal... More

eBay (EBAY) to Resume Trading at 7:30 AM

eBay (NASDAQ: EBAY) to Resume Trading at 7:30 AM

eBay (EBAY) Taps AmEx's (AXP) Schulman to Lead PayPal Following Spinoff

eBay (NASDAQ: EBAY) announced Dan Schulman is joining the company as the new President of PayPal, effective immediately. Schulman will become Chief Executive Officer of PayPal following the planned separation of the business into an independent, publicly traded company in the second half of 2015, which also was announced by eBay Inc. today.

The company announced separately today that its board of directors, following a strategic review, has approved a plan to separate eBay and PayPal into independent, publicly traded companies. The separation is expected to be completed in the second half of 2015.... More

eBay (EBAY) to Spin PayPal into Separate, Publicly-Traded Company

eBay (NASDAQ: EBAY) said its Board of Directors, following a strategic review of the companys growth strategies and structure, has approved a plan to separate the companys eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value, the company said.

eBay and PayPal are two great businesses with leading global positions in commerce... More