eBay price target raised to $59 from $56 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on eBay to $59 from $56 and keeps an Overweight rating on the shares. The company’s Q1 beat across all metrics and the Q2 gross merchandise volume guidance is broadly higher, the analyst tells investors in a research note. The firm says steady execution, a strong balance sheet and low valuation make eBay "an attractive name in this tape."