eBay price target raised to $60 from $58 at Benchmark

Benchmark raised the firm’s price target on eBay to $60 from $58 and keeps a Buy rating on the shares after the company reported what the firm describes as "another solid quarter." The firm had been wary headed into the print that consensus was too aggressive on North America results, even though consumer fears have yet to fully materialize, but eBay beat both consensus and guidance and provided "further evidence that the company’s turnaround strategy is working," the analyst tells investors.