In a research report issued to clients and investors on Monday, analysts at Stifel Nicolaus upgraded eBay Inc. ( EBAY ) from a “hold” rating to a “buy” rating. The set price target for eBay was $65. eBay shares
Weighed down by falling energy stocks and concerns surrounding the global economy, Wall Street returned all of Friday’s post jobs gains as crude oil fell to another 5 year low and Japan’s economy contracted by more than originally reported.
U.S. stocks were trading off their early lows but remain under pressure Monday following downbeat economic data overseas and another sizable drop in the crude oil prices weighing on energy stocks. Both the Dow Jones Industrial Average and the