eBay "hold," target price reduced

28.03.06 - Deutsche Securities

NEW YORK, March 28 (newratings.com) - Analyst Jeetil Patel of Deutsche Bank Securities maintains his "hold" rating on eBay Inc (EBAY). The target price has been reduced from $44 to $40.

In a research note published yesterday, the analyst mentions that the company?s share price performance is expected to be weak during the summer months. According to the analyst, increasingly tough listing comps in May and stiff competition from Google Base is expected to exert pressure on eBay?s share price.