UPDATE: Morgan Stanley Raises eBay's PT
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.
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