"While unlikely to impact eBay's (NASDAQ: EBAY ) business over the next 6-12 months, we believe the unknown competitive threat of Apple Pay will further weigh on eBay's multiple over the next 3-6 months as Apple Pay has the potential to disrupt the competitive mobile payments market," says Piper's Gene Munster, pulling his Overweight rating and cutting the price target to $55 from $63. "We …
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