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EBAY Upgraded By Compass Point

|Includes:eBay Inc. (EBAY)

"Rising smartphone adoption is disrupting both the retail industry and the payments industry," says Compass Point's Douglas Greiner, making EBAY a top pick in financial technology, and upping the price target to $70 from $60. "EBay is uniquely positioned to benefit from the secular trend via the marketplaces platform and the PayPal platform." ("Breaking News", Seeking Alpha)

Stock closed up 2.11% to 52.87 on 14 mil. shares.

Disclosure: I am long EBAY, .

Stocks: EBAY