EBay on watch after pair of downgrades [Seeking Alpha]
Last bank of america corporation earnings: 4/15 06:45 am
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US:NYSE Investor Relations: investor.bankofamerica.com
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 premarket to $28.60. See all stocks on the move » Now read: Don't Underestimate eBay's Growth Engine » Subscribe for full text news in your inbox
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