A downgrade for eBay, while FedEx and Williams-Sonoma have their outlook clipped, all in Thursday’s analysts’ actions. eBay was downgraded to NEUTRAL from UNDERWEIGHT at Piper Jaffray with a price target of $49. The firm said eBay’s Paypal faces increasing competition as Apple Pay, Google Wallet and now Facebook enter the mobile payment game. FedEx had its price target cut to $198, though an OUTPERFORM rating was maintained at Credit Suisse. Analysts lowered full-year estimates to $8.93 reflect the company’s recently-lowered guidance. Williams-Sonoma had earnings estimates reduced to $3.60 a share at Barclays.
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