eBay "sell"

30.11.06 - Cantor Fitzgerald

NEW YORK, November 30 (newratings.com) - Analyst Derek Brown of Cantor Fitzgerald reiterates his "sell" rating on eBay Inc (EBAY). The target price is set to $25.

In a research note published this morning, the analyst mentions that according to an industry blog, the company is likely to initiate several measures to improve buyer experience and reduce counterfeit at its core marketplace. eBay's performance and listings quality would improve significantly over the next three-to-four quarters, if the company is successful in implementing these measures, the analyst says. Cantor Fitzgerald expresses its concern regarding the impact of these measures on the company's business momentum in 1H07.