EBay shares rise as Nomura upgrades to buy

SAN FRANCISCO (MarketWatch) — Shares of eBay Inc. rose more than 2% to $49.71 early Thursday after Nomura Securities upgraded the stock to a buy rating. In a note to clients, analyst Brian Nowak cited the company's PayPal business, adding that "we have been under-appreciating the growing drivers to PayPal's profitability… and this is just the beginning of rising PayPal earnings power." He …

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