More on Evercore's upgrade of eBay (EBAY +3.4%): Analyst Ken Sena forecasts 2013 revenue of $16.6B and EPS of $2.88, above a consensus of $16.35B and $2.75. He downplays comments made yesterday by MasterCard exec Chris McWilton about fee increases for PayPal, which took a toll on eBay shares yesterday. Sena thinks even a 50% fee increase will yield less than a 50 bps margin impact. Separately, PayPal has rolled out an iPad register app to take on the increasingly popular Square Register; it's the online payments giant's first native iPad app.
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