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EBAY

eBay

$31.50

0.04 (0.13%)

, MELI

MercadoLibre

$183.21

-1.26 (-0.68%)

17:48
10/12/16
10/12
17:48
10/12/16
17:48

eBay to sell majority of stake in MercadoLibre

eBay (EBAY) said it will sell a majority of its stake in MercadoLibre (MELI). Additional financial details pertaining to the transaction will be addressed on the company's Q3 2016 earnings call and in its upcoming Form 10-Q. "eBay's commitment to Latin America remains unchanged as a result of this transaction," the company said in a statement. " We are focused on providing consumers in the region with access to our extensive supply of distinct inventory from all over the world that cannot always be found in the local market." Reference Link

EBAY

eBay

$31.50

0.04 (0.13%)

MELI

MercadoLibre

$183.21

-1.26 (-0.68%)

  • 19

    Oct

  • 23

    Oct

  • 14

    Nov

  • 14

    Oct

EBAY eBay
$31.50

0.04 (0.13%)

09/29/16
DBAB
09/29/16
UPGRADE
Target $40
DBAB
Buy
Deutsche upgrades eBay to Buy with $40 price target
Deutsche Bank analyst Ross Sandler upgraded eBay to Buy from Hold and raised his price target for the shares to $40 from $30. The stock closed yesterday down 9c to $31.85. eBay is likely to outperform Internet peers over the next two years now that its re-platforming is in the latter stages, Sandler tells investors in a research note. There are few "out-of-favor accelerating-growth stories with upside to estimates and a reasonably low valuation," the analyst contends. He believes eBay may be the best story in Internet heading into 2017.
09/29/16
09/29/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Buy from Hold at Deutsche Bank with analyst Ross Sandler saying eBay is likely to outperform Internet peers over the next two years now that its re-platforming is in the latter stages. 2. BlackBerry (BBRY) upgraded to Neutral from Underperform at Macquarie with analyst Gus Papageorgiou saying he expects operations to stabilize and profitability to return next year. 3. Endo (ENDP) upgraded to Outperform from Market Perform at Northland. 4. Rex Energy (REXX) upgraded to Hold from Sell at Stifel with analyst Michael Scialla saying the production cut may not actually occur, but he believes that other factors, along with positive commentary from OPEC, "appears to be building an oil price floor of $40." 5. Incyte (INCY) upgraded to Outperform from Market Perform at Raymond James with analyst Reni Benjamin saying Epacadostat plus pembrolizumab, should ;the results be confirmed in the ongoing Phase III study, could effectively compete with ipilimumab and nivolumab. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
BARD
10/03/16
NO CHANGE
BARD
Baird says impact on eBay from Facebook's Marketplace likely limited for now
Baird analyst Colin Sebastian said Facebook's (FB) launch of its long-anticipated peer-to-peer commerce platform, "Marketplace," came "much later" than he anticipated, but he still thinks Facebook is well positioned to compete in consumer shopping. Facebook's latest e-commerce effort will create headlines around competitive pressure, but Sebastian thinks Amazon (AMZN) and eBay (EBAY) will be "minimally impacted" in the near term given their scale, brand awareness, and much more advanced e-commerce capabilities. eBay may be most exposed, but the analyst also notes that 80% of its listings are new products, which may have limited overlap with Facebook listings.
10/10/16
RHCO
10/10/16
NO CHANGE
RHCO
eBay outlook has improved, says SunTrust
SunTrust analyst Robert Peck says he's more confident about eBay's turnaround following its beat and raise results. However, the analyst warns that the company's turnaround still has a long way to go, while its competition is increasing. Peck thinks that the stock could "re-rate" as the company's outlook becomes more certain, but he keeps a Hold rating on the shares.
MELI MercadoLibre
$183.21

-1.26 (-0.68%)

08/09/16
GSCO
08/09/16
INITIATION
Target $170
GSCO
Neutral
MercadoLibre initiated with a Neutral at Goldman
Goldman Sachs analyst Irma Sgarz started MercadoLibre with a Neutral rating and $170 price target.
08/30/16
PIPR
08/30/16
NO CHANGE
Target $185
PIPR
Overweight
MercadoLibre listings growth continues, says Piper Jaffray
Piper Jaffray analyst Gene Munster says his firm's proprietary web analytics indicates MercadoLibre's listings growth continues at an "impressive rate." For July, the analyst thinks the company's unit growth was 85%. MercadoLibre's platform is "gaining steam with suppliers due to improvements in the site," Munster tells investors in a research note. He reiterates an Overweight rating on the shares with a $185 price target.
09/02/16
JPMS
09/02/16
UPGRADE
Target $200
JPMS
Overweight
MercadoLibre upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Andre Baggio upgraded MercadoLibre to Overweight and raised his price target for the shares to $200 from $133. The Latin America online commerce platform closed yesterday up $1.68 to $173.68. The Brazilian marketplace is thriving, and MercadoLibre is gaining market share, Baggio tells investors in a research note. He expects the share price to be driven by earnings growth, despite the "rich valuation."
09/02/16
09/02/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan by analyst Andre Baggio, who said the Brazilian marketplace is thriving, and MercadoLibre is gaining market share. 2. Teva (TEVA) upgraded to Outperform from Perform at Oppenheimer by analyst Rohit Vanjani, who points out that the validity of Teva's Copaxone patents now lies with the District Court decision after the inter partes reviews by the USPTO. Vanjani believes the court ruling, which will likely come in early 2017, is the more important of the two, with a higher hurdle to invalidate the patents. 3. Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies by analyst Brad Handler, who argues that the 24% pullback in shares since the early July peak provides an attractive valuation. The analyst believes Pioneer's covenant risk can be managed and raised his price target for the shares to $6 from $5. 4. Amec Foster Wheeler (AMFW) upgraded to Buy from Neutral at BofA/Merrill. 5. Mitsubishi UFJ (MTU) upgraded to Outperform from Neutral at Daiwa. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NCSM

NCS Multistage

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CLDR

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AOS

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FB

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AAWW

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UTHR

United Therapeutics

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0.51 (0.43%)

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CYTR

CytRx

$0.68

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EEX

Emerald Expositions Events

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  • 28

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GOOG

Alphabet

$874.25

2.52 (0.29%)

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Alphabet Class A

$891.44

2.3 (0.26%)

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GOOG

Alphabet

$874.25

2.52 (0.29%)

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Alphabet Class A

$891.44

2.3 (0.26%)

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:22
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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:20
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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:18
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Hot Stocks
Sarepta confirms CEO Ed Kaye to resign from role at end of current term »

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BSAC

Santander Chile

$23.59

-0.36 (-1.50%)

19:02
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Earnings
Santander Chile reports Q1 EPS 46c, consensus 42c »

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  • 28

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BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

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BA

Boeing

$183.22

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BDRBF

Bombardier

$1.63

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BA

Boeing

$183.22

1.51 (0.83%)

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Bombardier

$1.63

-0.0278 (-1.67%)

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Periodicals
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BA

Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

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SWN

Southwestern Energy

$7.67

-0.16 (-2.04%)

18:48
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Earnings
Southwestern Energy reports Q1 adjusted EPS 18c, consensus 18c »

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CRMD

CorMedix

$1.04

-0.07 (-6.31%)

18:43
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FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:39
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WDC

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FET

Forum Energy

$18.10

-1.05 (-5.48%)

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  • 28

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SJR

Shaw Communications

$21.30

0.07 (0.33%)

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MTRX

Matrix Service

$16.88

-0.575 (-3.30%)

18:33
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Earnings
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GIMO

Gigamon

$36.00

-0.6 (-1.64%)

18:33
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