Wells Fargo raised the firm’s price target on eBay (EBAY) to $66 from $63 and keeps an Equal Weight rating on the shares. The firm has “admittedly missed the outperformance” in eBay’s shares, as the “defensive play” is playing some offense right now in key collectibles categories such as trading cards. Wells sees U.S. gross merchandise value upside breakout as necessary for further re-rating.
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