eBay "sell"

24.03.08 - Deutsche Securities

NEW YORK, March 24 (newratings.com) - Analysts at Deutsche Bank Securities maintain their "sell" rating on eBay Inc (EBAY). The target price is set to $24.

In a research note published this morning, the analysts mention that the company is experiencing operating margin contraction on account of investments for future growth. A pick-up in US transaction growth would boost eBay?s near-term margins, the analysts say. The company?s revenues and profits continue to be aided by the weakness in the US dollar, Deutsche Bank Securities adds.