EBay initiated with positive rating at Susquehanna
LONDON (MarketWatch) -- Susquehanna initiated coverage of eBay Inc. with a positive rating and a $66 price target on Friday, citing a stronger potential for PayPal than currently perceived by investors. "We believe PayPal is emerging as a viable alternative payments network that can potentially capture meaningful market share longer term," the Susquehanna analysts said in a note. "Although online they are facing new gateway challenges, we think investors are underestimating them offline," they added. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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