Analyst opinions on stocks making headlines TuesdayS&P REITERATES STRONG BUY OPINION ON SHARES OF EBAY INC.
EBAY; $33.23
According to unconfirmed reports from sources, including AP, Reuters, and the Wall Street Journal, eBay is "returning" to the Japanese online auction market as the company strikes an agreement with Yahoo Japan, which is minority-owned by Yahoo (YHOO). The deal will facilitate cross-border trading. For example, Yahoo Japan users will be able to bid on eBay items by March, and eBay users will be able to bid on Yahoo Japan items by mid-2008. We think this relationship is a positive for eBay and Yahoo, and could be expanded to include other Japan-focused offerings, such as payments. /S. Kessler
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