Credit Suisse Likes the Buyer of eBay’s Classified Ads Business

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A man stands at a Mercedes-Benz dealership where he said he is considering buying a car during the coronavirus crisis on May 05, 2020 in Berlin.

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EBay completed the sale of its classified-advertising business to Norway’s


last month in a cash and stock deal that will let the online auctioning group boost its stock buyback program to $5 billion from $2 billion.

In a note initiating coverage,

Credit Suisse



is an outperform as the world’s largest pure-play classifieds group, and its 210 kroner ($24.03) target is the second highest of sell-side firms, according to data from S&P Capital IQ.

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