eBay price target lowered to $52 from $54 at BofA

BofA analyst Justin Post lowered the firm’s price target on eBay (EBAY) to $52 from $54 and keeps a Neutral rating on the shares after the company reported Q2 results and gave fiscal year GMV guidance above the Street view, but operating margin guidance below it. Although GMV trends are improving and the firm sees potential for accelerated buybacks in the second half as a positive for eBay, BofA continues to prefer Amazon’s (AMZN) potential for retail margin leverage and AWS acceleration, the analyst tells investors.