eBay "hold," target price reduced

04.04.06 - Deutsche Securities

NEW YORK, April 4 (newratings.com) - Analyst Jeetil Patel of Deutsche Bank Securities reiterates 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 listing comps are expected to get tougher through May. eBay is likely to witness stiff competition from Google Base going forward, which would exert pressure on the former company's share price, the analyst adds.