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Fly News Breaks for January 28, 2016
EBAY
Jan 28, 2016 | 07:57 EDT
Baird said eBay's results were in line with expectations and said although management's outlook looks weak on the surface, the guidance is unchanged from the outlook provided last year. Baird believes eBay shares are likely to be challenged near-term due to foreign exchange headwinds and so lowered its price target to $30 from $33. Baird maintained its Outperform rating on eBay shares.
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