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Fly News Breaks for March 4, 2019
EBAY
Mar 4, 2019 | 09:37 EDT
DA Davidson analyst Tom Forte raised his price target on eBay to $44 after its announced operating review on Friday, saying he expects the company to generate improved efficiency while raising his longer-term adjusted EBITDA margin forecast by 250bps to 37.5%. The analyst also keeps his Buy rating on eBay and notes the Elliott Management estimate of $3.5B-$4.5B for its potential spinoff for the company's StubHub and Classifieds assets.