Analysts Pull EBay Buy Ratings On PayPal Spinoff News

By | October 1, 2014

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EBay’s announcement that it’s spinning off PayPal into a separately traded company triggered a slew of analyst downgrades. JPMorgan, Jefferies, Wedbush and other investment houses lowered their buy ratings — or the equivalent — on eBay (EBAY) stock. Jefferies cut its rating on eBay to hold, citing valuation and increased near-term uncertainty in the wake of the spinoff announcement. “We see limited upside from current levels, and we’d rather hold Scalper1 News

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