EBay Seen As ‘M&A Candidate’ After PayPal Spinoff

By | June 29, 2015

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JPMorgan raised its price target on eBay (EBAY) ahead of its spinoff of payments arm PayPal, and said a “stand-alone” eBay could be involved in M&A. PayPal, meanwhile, has been viewed as a possible partner of Alibaba Group or a takeover target. PayPal will face stiff competition from Apple (AAPL), Google (GOOGL) and Samsung in mobile payments, some analysts say. Doug Anmuth, a JPMorgan analyst, raised his eBay price target to 64 from 60. “Some of Scalper1 News

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