eBay price target lowered to $48 from $57 at Evercore ISI

Evercore ISI lowered the firm’s price target on eBay to $48 from $57 and keeps an In Line rating on the shares following what the analyst describes as “an In Lineish and Lower print.” Q4 revenue and GMV guidance modestly missed Street estimates, implying a year-over-year decline in GMV and largely flat growth for revenue, the analyst tells investors.