EBay shares fall on Credit Suisse downgrade

SAN FRANCISCO (MarketWatch) — Shares of EBay Inc. fell 1,7% to $36.96 Thursday morning after Credit Suisse downgraded the stock to a neutral rating. In a note to clients, analyst Spencer Wang cited valuation as his main concern; eBay shares have gained more than 23% since the company's last earnings report in late January, nearing the broker's $40 price target and leaving what Wang calls "less …

More: continued here

Leave a Reply

Your email address will not be published. Required fields are marked *