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Fly News Breaks for July 18, 2019
EBAY
Jul 18, 2019 | 06:03 EDT
Deutsche Bank analyst Lloyd Walmsley raised his price target for eBay to $46 from $42 citing last night's "strong" Q2 results. Although gross merchandise volume was was flat year-over-year excluding currency, which was largely anticipated based on third party data, revenue was up 4%, modestly above the Street on continued growth in Promoted Listings, Walmsley tells investors in a research note. He maintains a Buy rating on eBay shares.
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