Wells Fargo Downgrades eBay as Resale Marketing War Erodes Profits

Yahoo Finance reports that analyst Ken Gawrelski has shifted his rating on eBay to Underweight, citing a costly battle for dominance in the apparel resale sector. The firm reduced its price target to $92 as European competitor Vinted ramps up its promotional efforts to capture Ge

Yahoo Finance reports that analyst Ken Gawrelski has shifted his rating on eBay to Underweight, citing a costly battle for dominance in the apparel resale sector. The firm reduced its price target to $92 as European competitor Vinted ramps up its promotional efforts to capture Ge