BofA/Merrill analyst Justin Post downgraded eBay (EBAY) to Neutral from Buy and cut its price target to $33 from $44 telling investors it is underperforming the eCommerce sector with "no easy fixes." Post notes Paypal's (PYPL) Q3 earnings release disclosed volumes associated with eBay only grew 3%, versus 6% in Q2, and the company said it expects eBay to communicate softness in the Marketplaces business in its Q4 guidance. The analyst believes competitor's targeting value shoppers, such as Walmart (WMT), are having an impacting eCommerce volumes and has reduced his multiple for eBay to reflect a lower growth profile.