Morgan Stanley Initiates eBay At Underweight

Analysts at Morgan Stanley initiated coverage on eBay

with a Underweight rating. The target price for eBay is set to $45. eBay shares have dropped 2.90% over the past 52 weeks, while the S&P 500 index has surged 12.58% in the same period. eBay's shares fell 0.53% to $50.93 in pre-market trading.