EBay shares fall as professionals cut price targets

Professionals cut their price goals by between $2 and $6, to as low as $56. EBay shares were working at $51.54 at mid-day.

EBay said on Wed that the U.S. economic system and client guarantee had complicated, in element because of the closed down of the U.S. government.

However, several experts said they were eager for results from Google Inc later on Saturday and Amazon.com Inc next One week to get a better picture of the e-commerce market.

EBay said it wishes a advantage of 79-81 cents per talk about for the holiday 1/4, brief of the 83 cents per talk about expected by experts on frequent.

Macquarie Stocks Research professional Ben Schachter said he expected eBay to cope with enhancing opponents from Google, Wal-Mart Stores Inc and China's Alibaba.