Citi Upgrades eBay (EBAY) to Buy

June 30, 2011 6:30 AM EDT
Get Alerts EBAY Hot Sheet
Price: $114.84 +3.20%

Rating Summary:
    22 Buy, 29 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Citi upgraded eBay (NASDAQ: EBAY) from Hold to Buy with a $38 price target following caps on debit card swipe fees.

The firm said they view the new fee structure as neutral to PayPal, and hence to eBay.

For more ratings news on eBay click here and for the rating history of eBay click here.

Shares of eBay closed at $30.86 yesterday.


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