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UPDATE: Wells Fargo Downgrades eBay to Underweight, Lowers Price Target To $32 As Firm Notes 3 Reason:

1. headwinds for core EBAY should continue as competition between AMZN and multichannel retailers mounts (driving consumer experience innovations which we believe EBAY remains poorly positioned to

Benzinga · 01/17/2020 15:41

1. headwinds for core EBAY should continue as competition between AMZN and multichannel retailers mounts (driving consumer experience innovations which we believe EBAY remains poorly positioned to match)

2. U.S. Internet sales tax rollouts continue

3. emerging marketplaces chip away at EBAY’s C2C mindshare and market share lead