Google vs. eBay Update
Deutsche Bank Securities cut the price target on eBay to $40 from $44 and said the risk is rising for shares of the Internet auction firm as competition from Google looms.
Trading in eBay (nasdaq: EBAY – news – people ) shares will “remain choppy through the summer months,” wrote analyst Jeetil Patel in a client note today.
The Deutsche Bank analyst said listings comparisons will be tougher for eBay through May. He also said competition will increase from Google Base, the search giant’s craigslist-like listings site.
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