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Major Firm Rating | Jefferies Financial: Downgraded eBay's rating to 'Underperform' with a Target Price lowered to 52 dollars.
On December 10, Gelonghui reported that Jefferies Financial downgraded the rating of eBay from "Hold" to "Underperform," and lowered the Target Price from $60 to $52. The Analyst stated that a slowdown in advertising growth is expected to lead to a decline in GMV (Gross Merchandise Volume) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). (Gelonghui)
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Jefferies Downgrades EBay(EBAY.US) to Sell Rating, Cuts Target Price to $52
Express News | EBay : Jefferies Cuts to Underperform From Hold
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