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Fly News Breaks for April 13, 2015
EBAY
Apr 13, 2015 | 07:12 EDT
Bernstein believes that eBay's PayPal is worth $39 per share on a standalone basis, as the firm thinks PayPal has a large and likely sustainable advantage in the Web because of its penetration of merchants and relatively wealthy user base. The firm believes that the company is utilizing these advantages as it looks to penetrate mobile apps. Bernstein keeps a $68 price target and Outperform rating on eBay.
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