eBay price target raised to $49 from $47 at UBS

UBS raised the firm’s price target on eBay to $49 from $47 and keeps a Neutral rating on the shares. eBay reported the fourth quarter in a row of both GMV and revenues beating the high end of guidance, the analyst tells investors in a research note. The firm says that the macro environment still remains uncertain, and while eBay could be a beneficiary of consumers trading down, if consumer spend declines in the back half, it may be tough for the company to deliver positive growth despite improving trends.