eBay's PayPal President Steps Down; Analysts Comment

After the market close on Monday, eBay EBAY announced that its PayPal president David Marcus will step down to lead Facebook's FB messaging products.

The Street has reacted either negatively or favorably depending on a trader's position, as shares of eBay a down ~2 percent and shares of Facebook are up ~4 percent.

In response to this news, a number of analysts have released notes describing how they think this will affect eBay.

UBS analysts have listed Marcus' departure among its four near-term headwinds for eBay along with potential repatriation of foreign cash, the recent security breach and a Google search penalty. Despite these issues, UBS remains a Buy on eBay.

In an even more optimistic view, the team at S&P Capital has upgraded eBay from Buy to Strong Buy, despite stating that the departure of Marcus will be a notable loss for PayPal and eBay.

Finally, Pacific Crest said that the departure likely does not represent any near-term weakness or change in business.