UPDATE: Wedbush Raises PT on eBay to $52

Wedbush Securities maintained an Outperform rating on eBay

and raised its price target from $48 to $52. Wedbush noted, “We expect EBAY to outperform as it transforms into a payments-driven company and garners V/MA-like multiples. We believe eBay will realize significant value over the next few years as it extends its support of retailers from the online realm onto their entire footprint.” eBay closed at $39.95 on Friday.