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UPDATE: Morgan Stanley Raises eBay's PT

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According to a research report published this morning, Morgan Stanley has increased eBay's (NASDAQ: EBAY) PT from $45 to $49.

In the report, Morgan Stanley said, "The long-term winners in eCommerce will likely be those that can leverage both a high-traffic destination site with a global fulfillment network. The quest for eCommerce GMV should have multiple winners, Amazon.com ($212.89) and eBay ($40.35) being two of them, in our view. Raising eBay PT to $49 and reiterate our OW rating."

eBay closed Friday at $40.35.

Latest Ratings for EBAY

DateFirmActionFromTo
Nov 2014Evercore ISIDowngradesHoldSell
Oct 2014Morgan StanleyInitiates Coverage onUnderweight
Oct 2014Monness Crespi HardtInitiates Coverage onBuy

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Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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