EBay shares rise on Citi upgrade

SAN FRANCISCO (MarketWatch) — Shares of EBay Inc. rose nearly 2% to $21.66 in early trading Thursday following an upgrade from Citigroup. Analyst Mark Mahaney lifted his rating on the stock to buy and maintained his $28 price target, noting that the stock’s drop in value this year sets up a “valuation entry point,” with his target implying a 30% upside for the shares. “We remain skeptical of …

More: continued here