eBay "equal weight"

22.08.07 - Lehman Brothers

NEW YORK, August 22 (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 likely to continue to make share buybacks. The analyst says that the performance of eBay?s PayPal Merchant Services continues to be robust, with an adoption of about 30 of the top 100 e-tailers. There are concerns surrounding the impact of ASPs on future RPL growth and the new site initiatives, Lehman Brothers adds.