UBS reiterated an aggressive price target on eBay Inc (NASDAQ:EBAY) as it speculated on the future after one of the loudest Wall Street / Silicon Valley tiffs in memory.
eBay now has an open ear to Icahn
In an investor letter released yesterday, UBS logically noted how Icahn’s influence is already having an impact in areas where eBay Inc (NASDAQ:EBAY)’s management and Icahn might agree. Now that Carl has been put in a corner and given a time out, eBay will listen to Carl's logical pleadings. These are critical points for the bull case, which might suggest Icahn might hold this trade, which has already generated reported profits of $50 million for the outspoken activist investor.
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