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eBay price target raised to $62 from $61 at Stifel

Stifel raised the firm’s price target on eBay (EBAY) to $62 from $61 and keeps a Hold rating on the shares. Q1 results and Q2 guidance both came in ahead of expectations, notes the analyst, who adds that advertising continues to see broad-based strength with no evidence that there has been an impact from China-based advertisers to-date.

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