eBay Inc (NASDAQ:EBAY)‘s plane is certainly not flying in the skies according to JPMorgan Chase & Co. (NYSE:JPM), while it seems that aircraft manufacturer, The Boeing Company (NYSE:BA), has installed just the right gadgets for a long flight. Susannah Lee reported on the opposite fates of the two companies on TheStreet.
It seems that JPMorgan Chase & Co. (NYSE:JPM) has grounded eBay Inc (NASDAQ:EBAY)’s planes by downgrading its stock today. However, it wasn’t the only company that revised its valuation for eBay Inc (NASDAQ:EBAY).
“[…] eBay Inc (NASDAQ:EBAY) is now lowered to a neutral rating from outweigh from JP Morgan and was also downgraded at JMP Securities to market perform from outperform and Wedbush Securities is now rating eBay to neutral from outperform […],” said Lee.
The new rating comes after eBay announced that it will spinoff PayPal, next year. Apparently, JPMorgan Chase & Co. (NYSE:JPM), along with others do not see it as a good prospect for eBay Inc (NASDAQ:EBAY).
On the other hand, sun seems to be shining for The Boeing Company (NYSE:BA), at least as far as its future prospects are concerned.
“[…] Drexel Hamilton raised The Boeing Company (NYSE:BA) to a top pick and set a $157 price target for the stock. The firm said a solid third quarter could lead to a breakout for the stock and they have a buy rating […],” reported Lee.
However, markets showed little trust in Drexel Hamilton’s rating today as far as The Boeing Company (NYSE:BA)’s price target is concerned. The stock is currently trading at $124.9 which is a fall of about 2% for the day. This could be good news for the investors who want to buy The Boeing Company (NYSE:BA) at a discount.
One of the advantages of buying stocks on the down, as all investors know, is that the margin is increased. However, this requires faith in the company’s fundamentals and outlook of the business. For Drexel, The Boeing Company (NYSE:BA) poses as one such opportunity wating to be cashed in.
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