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Fly News Breaks for December 7, 2018
EBAY
Dec 7, 2018 | 09:35 EDT
Baird analyst Colin Sebastian said in a note published before the open that his proprietary tracker of merchandise volume on eBay pointed to some improvement in year-over-year and sequential volume trends in November. The analyst, who previously highlighted sluggish October volume, said the new data leads him to believe eBay is likely on track for in-line to even slightly better Q4 results. He maintains a $41 price target and Outperform rating on eBay shares, which are up about 1% to $29.74 in early trading.
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