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EBay’s (EBAY) performance will remain choppy until the planned spinoff of its PayPal payment unit in Q3 2015, but JPMorgan said in a late Wednesday investor note that it’s upbeat about the “spin value” likely to be created when PayPal becomes a separately traded company. JPMorgan maintained its neutral rating and price target of 62 on eBay stock. Analyst Doug Anmuth said challenges in eBay’s Marketplace business and adverse foreign currency Scalper1 News
Scalper1 News