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Fly News Breaks for June 8, 2015
EBAY
Jun 8, 2015 | 09:51 EDT
Piper Jaffray analyst Gene Munster says eBay's 2016 guidance for the core business was below expectations while PayPal was largely in line with the Street. The core eBay business continues to be hurt by search algorithm changes and the password reset in 2014, Munster tells investors. He reiterates an Underweight rating on the eBay with a $50 price target.
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