eBay "equal weight"

13.07.07 - Lehman Brothers

NEW YORK, July 13 (newratings.com) - Analyst Douglas Anmuth of Lehman Brothers maintains his "equal weight" rating on eBay Inc (EBAY). The target price is set to $33.

In a research note published this morning, the analyst mentions that the company is expected to post its 2Q07 results in-line with or marginally ahead of the estimates and the consensus. eBay is likely to have been actively involved in buying back shares during the quarter, with its new $2 billion share repurchase authorization, Lehman Brothers adds. According to the analyst, the trends related to ASPs, RPL and conversion rates have improved.