JMP Securities Downgrades eBay (EBAY) to Market Perform

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Wedbush Downgrades eBay (EBAY) to Neutral

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

JPMorgan Downgrades eBay (EBAY) to Neutral

October 1, 2014 6:43 AM EDT

JPMorgan downgraded eBay (NASDAQ: EBAY) from Overweight to Neutral with a price target of $61.00 (from $56.00).

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 $56.63 yesterday.

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

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

eBay (EBAY) Buy Rating Reiterated at Cantor Fitzgerald

September 30, 2014 2:12 PM EDT

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

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

September 30, 2014 7:03 AM EDT

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

September 30, 2014 7:01 AM EDT

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