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Fly News Breaks for October 21, 2019
Oct 21, 2019 | 08:55 EDT
Deutsche Bank analyst Kunal Madhukar downgraded eBay to Hold from Buy after assuming coverage from prior analyst Lloyd Walmsley. The analyst lowered his price target for the shares to $42 from $46. eBay's gross merchandise volume growth has been "anemic" even as e-commerce has been growing double digits, Madhukar tells investors in a research note. The analyst expects the stock to be range-bound given the "challenging" competitive environment and the company's CEO transition. eBay is "searching for its identity and differentiation," says Madhukar, who sees more compelling opportunities elsewhere in the large-cap internet space.
News For EBAY From the Last 2 Days
Feb 27, 2020 | 12:42 EDT
Baird analyst Colin Sebastian issued an update to investors on the potential Covid-19 impact on the internet stocks he covers, laying out his view on which e-commerce retailers might see the greatest impact and which other tech-related sectors could be hurt or stand to benefit. E-COMMERCE EXPOSURE: Baird's... To see the rest of the story go to See Story Here