Bank of America Gives eBay a Lift - Michael Fowlkes (BloggingStocks)

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Bank of America Gives eBay a Lift
Apr 02, 2008 05:08 PM UTC

Michael Fowlkes (BloggingStocks)

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Symbol	Sentiment	Start	Return	Closed
EBAY		04/02/08	-26.98%	--

3/27 - "Shares of the online auction site eBay, Inc. (NASDAQ: EBAY) have been surging today after positive remarks from Banc of America Securities analyst Brian J. Pitz, who stated that the company is on track for a "solid" first quarter to the year.

Pitz made his remarks after analyzing the company's recent proprietary listings and conversion rate tracking data. As a result of his findings, Pitz gives the stock a price target of $38, and lifted his revenue forecast for the quarter from $2.03 billion up to $2.08 billion."

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