Home / ebay / EBay shares fall to near 2-month low after Piper Jaffray downgrade

EBay shares fall to near 2-month low after Piper Jaffray downgrade

NEW YORK (MarketWatch) — EBay shares slumped 2.5% to a near two-month low in morning trade Wednesday, after Piper Jaffray downgraded the shares on concerns that Apple Inc.'s new Apple Pay offering will prove a strong competitor to the online auctioneer's PayPal service. Analyst Gene Munster lowered his rating to neutral and his share price target to $55, after having a buy rating and a $63 …

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