UPDATE: BMO Capital Markets Initiates eBay at Outperform on Payment Business Growth
February 28, 2013 at 08:58 AM EST
BMO Capital Markets initiated eBay (NASDAQ: EBAY ) with an Outperform rating and a $64.00 price target. BMO Capital Markets said, "We believe the company benefits from a positive symbiotic relationship between its payments business and its marketplace, which should allow it to continue to experience solid growth. We expect