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Fly News Breaks for November 14, 2018
EBAY
Nov 14, 2018 | 07:56 EDT
Baird analyst Colin Sebastian said his eBay tracker shows modest volume decline, which was similar to September trends. He said given management's updated strategic priorities and more cautious tone around marketplace growth, he anticipates growth trends will remain subdued. He expects Black Friday/Cyber Week promotions will drive a seasonal uplift in volume. Sebastian maintained his Outperform rating and $41 price target on eBay shares.
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