eBay price target raised to $60 from $50 at Piper Jaffray

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EBAY54.640.16

Piper Jaffray increased its target on eBay after research firm channeladvisor reported that the company's sales surged 24% year-over-year in August. The firm has more confidence in eBay's ability to sustain its marketplace growth given its recent enhancements and it maintains an Overweight rating.

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