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Fly News Breaks for April 20, 2017
EBAY
Apr 20, 2017 | 07:46 EDT
Monness Crespi analyst James Cakmak downgraded eBay to Neutral saying he sees insufficient upside to estimates to justify the lofty valuation. The analyst said the path to double-digit growth may be pushed out 2019 and limited potential to outperform topline expectations in 2017. Further, the analyst sees margin pressures from product mix towards StubHub and rising development spend for the backend, and limited opportunities for multiple expansion.
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