Friday, October 06, 2006

Marketwatch - 10-6-2006 - Sell rating hits eBay; Google takes a breather

Quote - Among the sector stocks that were the most active in early action, eBay
EBAY 30.15, -0.31, -1.0%) , stood out, trading down to the $30 mark as investors digested news that analysts at Cantor Fitzgerald & Co. initiated coverage with a sell rating. Analyst Derek Brown also set a price target at $25 for the online auctioneer's shares.
"We find that eBay's core franchise and primary engine growth has weakened materially in recent years, as buyers and sellers alike have shifted their behavior in favor of alternative commerce platforms," Brown noted.

Another day another price target for eBay.