eBay "hold"

25.09.07 - Deutsche Securities

NEW YORK, September 25 (newratings.com) - Analysts at Deutsche Bank Securities maintain their "hold" rating on eBay Inc (EBAY). The target price is set to $33.

In a research note published yesterday, the analysts mention that the company is facing a difficult environment and its share price is likely to remain range bound in the near term. eBay?s performance in Germany remained weak in the latest weak, while US listings declined and UK listings slowed, the analysts say. The company's overall listings remained flat. Although the month-long US promo might result in a rise in listings in September, eBay continues to face fundamental difficulties in demand generation, Deutsche Bank Securities adds.