EBay on watch after pair of downgrades

Oct. 22, 2018 7:56 AM ETeBay Inc. (EBAY)EBAYBy: Clark Schultz, SA News Editor4 Comments
  • Bank of America Merrill Lynch downgrade eBay (NASDAQ:EBAY) to a Neutral rating from Buy after factoring in the cadence on the PayPal earnings call (transcript).
  • The BAML analyst team sets a price target on eBay of $33 vs. the Wall Street average of $43.50.
  • In a separate action, Monness, Crespi, Hardt & Co also drops eBay to a Neutral rating from Buy.
  • EBAY -0.52% premarket to $28.60.

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