Wedbush Downgrades eBay (EBAY) to Neutral

JMP Securities Downgrades eBay (EBAY) to Market Perform

JMP Securities downgraded eBay (NASDAQ: EBAY) from Market Outperform to Market Perform and removed its price target (prior $58.00).

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.

JPMorgan Downgrades eBay (EBAY) to Neutral

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.

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) 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

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

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

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

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

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.

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