eBay slides on Wells Fargo PT cut, security/search worries

"After closely following the Target security breach, we believe that eBay faces some near-term risk of customer churn," writes Wells Fargo , cutting its eBay ( EBAY -2.7% ) valuation range by $2 to $61-$63. The firm also notes the impact of Google's recent search algorithm changes ; ChannelAdvisor estimates eBay's average search rank has dropped 3.88 spots. Its 2014 and 2015 EPS estimates have …

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