eBay "sell"

11.12.07 - Deutsche Securities

NEW YORK, December 11 (newratings.com) - Analysts at Deutsche Bank Securities maintain their "sell" rating on eBay Inc (EBAY). The target price is set to $30.

In a research note published this morning, the analysts mention that the company is witnessing challenges related to buyer demand due to the weakness in consumer trust and increased online ad rates. eBay is also experiencing a lack of reinvestment, which is needed to position the company for future growth, the analysts say. The company?s transaction volumes seem to be declining and operating margin pressures are likely to be heading into 2008, Deutsche Bank Securities adds.