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Fly News Breaks for July 18, 2019
FB, EBAY
Jul 18, 2019 | 08:51 EDT
DA Davidson analyst Tom Forte raised his price target on eBay (EBAY) to $47 and kept his Buy rating after its above-consensus results in Q2, saying the activist investor involvement in the company is bringing out its "best" with "strong" operating metrics, margin expansion, and an "aggressive" buyback. The analyst adds that he found the company's answers about the implications of Facebook's (FB) Libra cryptocurrency efforts encouraging in its potential to reduce the transaction costs on eBay's platform.
News For EBAY;FB From the Last 2 Days
