eBay "buy," target price reduced

02.09.08 - Stifel Nicolaus

NEW YORK, September 2 (newratings.com) - Analysts at Stifel Nicolaus & Company maintain their "buy" rating on eBay Inc (EBAY). The target price has been reduced from $33 to $30.

In a research note published this morning, the analysts mention that the company?s growth is slowing down. The dollar is improving, with the euro and pound falling by 7% since July, the analysts say. Consumer demand in Western Europe is deteriorating, Stifel Nicolaus & Company adds.