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Fly News Breaks for March 17, 2015
EBAY
Mar 17, 2015 | 08:45 EDT
Bernstein predicts that the GMV of eBay's Marketplaces will accelerate slightly in 2H15. on an FX-neutral basis , and into 2016 to about 7% FX-neutral GMV growth on a global basis.The firm believes that the question of whether eBay's GMV will accelerate is the key controversy involving the stock for the next year. Bernstein raised its price target on the stock to $68 from $60. It notes that it values Marketplaces alone at $29 per share and keeps an Outperform rating on eBay.
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