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Citigroup Upgraded eBay To Buy, Lifted Its PT To $38
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Citigroup Upgraded eBay To Buy, Lifted Its PT To $38
Citigroup upgraded eBay (NASDAQ:EBAY) to buy from hold and raised its price target to $38 from $36.The bank sees 2011 EPS of $1.95, vs. consensus estimates of $1.96 per share, and 2012 EPS of $2.24, in line with consensus estimates.eBay has a potential upside of 18.8% based on a current price of $32.05 and an average consensus analyst price target of $38.07.eBay should find initial support at its 50-day moving average (MA) of $31.36 and further support at its 200-day MA of $30.04.
Video Length: 0
Date Found: June 30, 2011
Date Produced: June 30, 2011
View Count: 1
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