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Fly News Breaks for February 25, 2020
EBAY
Feb 25, 2020 | 09:04 EDT
RBC Capital analyst Mark Mahaney lowered his price target on eBay to $34 and kept his Sector Perform rating, adjusting his model after the company's completed sale of StubHub to viagogo for $4.05B. The analyst also believes that eBay's near-term Marketplace fundamental demand trends will remains muted, but he remains positive on its Payments and Promoted Listings initiatives, calling them "key growth opportunities" for the company this year.