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Online payment processor PayPal is much likelier to partner with China’s Alibaba Group than Amazon.com (AMZN) after its spinoff from eBay, speculates Morgan Stanley, which raised its price target on eBay. Brian Nowak, an analyst at Morgan Stanley, raised his price target on eBay (EBAY) to 68 from 52 in a research report Thursday, on views an alliance with Alibaba (BABA) could materialize. He valued PayPal, which has expanded into mobile payments, Scalper1 News
Scalper1 News