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Fly News Breaks for April 19, 2016
EBAY
Apr 19, 2016 | 06:52 EDT
As previously reported, Morgan Stanley downgraded eBay to Underweight from Equal Weight. Analysts led by Brian Nowak said they see emerging risks coming from International marketplaces where growth is driven by buyers and more spend per buyer, both of which are at risk according to survey results. Additionally, Nowak said eBay's European struggles are partially driven by increasing Amazon Prime competition and declining unique product offerings as Prime is winning bigger share of consumer wallets.
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