Scalper1 News
EBay’s announcement that it’s spinning off PayPal into a separately traded company triggered a slew of analyst downgrades. JPMorgan, Jefferies, Wedbush and other investment houses lowered their buy ratings — or the equivalent — on eBay (EBAY) stock. Jefferies cut its rating on eBay to hold, citing valuation and increased near-term uncertainty in the wake of the spinoff announcement. “We see limited upside from current levels, and we’d rather hold Scalper1 News
Scalper1 News