Loading...
Loading...
Benchmark terminated coverage of GSI Commerce
GSIC with a Buy rating and a price target of $29.25. Benchmark terminated its coverage of the company's stock as the company is about to be taken over by eBay
EBAY.
In a research report published today, Benchmark states, "We are terminating coverage of GSI Commerce (GSIC-Buy) with a final rating of Buy
and a $29.25 price target. GSI did not receive any alternative offers during its 40
day go-shop period, which ended on May 7, and will likely receive enough votes at
a special meeting to be held on June 17 to proceed with the sale of the company to
eBay (EBAY-Hold) for $29.25 per share."
On Wednesday, GSI lost 0.21% of its value to close the day at $29.19. eBay is having a difficult few days, it seems, as its shares lost 1.72% on Wednesday to close the day at $30.64. eBay continued to slide in today's pre-market trading, falling 0.38% to $30.52.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsBenchmarkEBAYgsi commerceInformation TechnologyInternet Software & Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in