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Fly News Breaks for July 21, 2016
EBAY
Jul 21, 2016 | 06:08 EDT
Piper Jaffray analyst Gene Munster attributes eBay's outperformance in Q2 to StubHub, which he notes accelerated 600 basis points to 35% growth. He reiterates a Neutral rating on the shares with a $25 price target, however. eBay continues to underperform broader e-commerce and will continue to face headwinds as the company's brand "does not lend itself well to the shopping experience consumers are seeking," Munster tells investors in a post-earnings research note.
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