eBay price target lowered to $58 from $60 at JPMorgan

JPMorgan lowered the firm’s price target on eBay (EBAY) to $58 from $60 and keeps a Neutral rating on the shares. The company reported Q3 revenue and gross merchandise volume slightly ahead of guidance and margins were in-line, but the shares traded down as the Q4 outlook fell short of consensus, the analyst tells investors in a research note. The firm is looking for further signs of solid, sustainable sales growth.