From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
eBay Jumps 5.6% After Morgan Stanley Upgrade
Morgan Stanley boosts eBay target to $132, lifting shares 5.6% to $118.46.
In brief
Morgan Stanley boosts eBay target to $132, lifting shares 5.6% to $118.46. Morgan Stanley upgraded eBay to Overweight with a $132 price target, driving a 5.6% stock gain to $118.46. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
eBay stock surges
eBay Inc. surged 5.6% on Monday to close at $118.46.
Morgan Stanley upgrade
Morgan Stanley upgraded eBay to Overweight with a $132 price target.
Investor confidence
The move lifted investor confidence and increased market capitalization to $51.9B.
The key point
Morgan Stanley upgraded eBay to Overweight with a $132 price target, driving a 5.6% stock gain to $118.46.
