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Fly News Breaks for October 20, 2016
EBAY
Oct 20, 2016 | 08:23 EDT
Maxim analyst Tom Forte said he remains encouraged by eBay's progress after its "strong" Q3 operating results and believes the fact that its listings remained greater than 1B for the second consecutive quarter is an indication that efforts to strengthen the platform are taking hold. The analyst, who still thinks the initiation of a dividend is a potential catalyst over the next 12 months, keeps a Buy rating and $36 price target on eBay and would use weakness as a buying opportunity.
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