eBay Scores Merrill Lynch Upgrade (EBAY)

[24/7 Wall St.]

<b>24/7 Wall St. Daily News</b>

eBay, Inc. (NASDAQ: EBAY) shares are trading higher in pre-market activity this morning after Merrill Lynch issued an upgrade today. The brokerage firm raised its rating from Neutral to Buy. Merrill Lynch believes that eBay can post upside to estimates on what may be a conservative 2008 outlook. The brokerage firm also believes that new management and a change mentality toward auctioneers will help as well. The part that is somewhat surprising about this call is that Merrill Lynch sees the potential for some accelerated gross merchandise value, which if things slow further or remain slow won't be an easy...<div class="feedflare">
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complete story here... (http://www.247wallst.com/2008/04/ebay-scores-mer.html)