Citi raised the firm’s price target on eBay (EBAY) to $80 from $75 and keeps a Buy rating on the shares as part of a Q4 report preview. The firm expects a “continued relatively strong print cadence” from eBay but lowered estimates slightly, reflecting currency headwinds. Citi thinks eBay will maintain positive merchandise volume growth and it sees factors that can drive acceleration on an currency neutral basis, including the Facebook Marketplace integration.
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