EBay Price Target Raised On M&A Possibility

By | October 2, 2014

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The chances of eBay (EBAY) and/or PayPal being acquired after the former spins off the latter prompted Goldman Sachs to raise its price target on eBay stock. Goldman analyst Heath Terry noted in a research report late Wednesday that the plan to spin off PayPal into an independent, publicly traded company makes both PayPal and eBay attractive acquisition candidates, justifying an increase in eBay’s price target. Goldman Sachs rates eBay stock a Scalper1 News

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