eBay "sector perform"

16.06.06 - RBC Capital Markets

NEW YORK, June 16 (newratings.com) - Analyst Jordan Rohan of RBC Capital Markets maintains his "sector perform" rating on eBay (EBAY). The target price is set to $42.

In a research note published yesterday, the analyst mentions that Google has enrolled a few large Power Sellers as testers for its GBuy service. Although Power Sellers? acceptance of Google's GBuy service is likely to be high after the launch, Power Sellers continue to expect the contribution from eBay's Express service to improve after the company starts advertising the service aggressively, the analyst says. The company has indicated that it aims to resolve the issues related to the aggressive suspension activity even for minor policy violations in the near term.