gsi commerce

If eBay (NASDAQ: EBAY) should know how to do anything, its bid on and get something that they want. For years, sellers have used the service to get the best possible price for something they own, while buyers have used it to pay the lowest possible price for something they want. All the while, eBay...

Benchmark terminated coverage of GSI Commerce (NASDAQ: GSIC) with a Buy rating and a price target of $29.25. Benchmark terminated its coverage of the company's stock as the company is about to be taken over by eBay (NASDAQ: EBAY). In a research report published today, Benchmark states, "We are...

Benchmark has dropped its coverage on GSI Commerce (NASDAQ: GSIC) after the company was acquired by eBay (NASDAQ: EBAY) for $29.25/share.

Stifel Nicolaus is out with its report today on GSI Commerce (NASDAQ: GSIC), downgrading shares of GSIC from Buy to Hold. In a note to clients, Stifel Nicolaus writes, "We are shifting our rating on shares of GSIC from a Buy to Hold to reflect a diminished likelihood of a counteroffer to top the...

Deutsche Bank has downgraded GSI Commerce (NASDAQ: GSIC) from Buy to Hold and maintains its $28 price target.

UBS is downgrading shares of GSI Commerce (NASDAQ: GSIC) from Buy to Neutral and lowering its PT from $31 to $30. GSI Commerce currently trades at $29.20.

Wedbush has removed GSI Commerce (NASDAQ: GSIC) from the Best Ideas List and downgraded GSIC from Outperform to Neutral. According to Wedbush, "The Wedbush Investment Committee is removing GSI Commerce from the Best Ideas List, and we are downgrading to NEUTRAL as a result of the acquisition bid...

In a report released this morning, Stifel Nicolaus said that it believed eBay (NASDAQ: EBAY) “will prevail at the $29.25 price” in the GSI Commerce (NASDAQ: GSIC) buyout. “There is a 40-day ‘go-shop' provision with matching rights by eBay,” Stifel Nicolaus writes. “We do not expect Amazon (NASDAQ...

Benchmark is raising its PT on shares of GSI Commerce Inc. (NASDAQ: GSIC) from $27 to $29.25. GSI Commerce closed Monday at $29.20.

Macquarie has downgraded GSI Commerce (NASDAQ: GSIC) from Outperform to Neutral.

Lazard Capital has downgraded GSI Commerce (NASDAQ: GSIC) from Buy to Hold following eBay's (NASDAQ: EBAY) acquisition offer.

In a bid to draw more buyers and sellers, eBay (NASDAQ: EBAY) plans to buy GSI Commerce (NASDAQ: GSIC), an e-commerce company, for $1.96 billion in cash, according to an article in Reuters. eBay said on Monday that it offered $29.25 per share to GSI shareholders. Shares rose by a 50.9 percent...

In a report published by Benchmark, GSI Commerce (NASDAQ: GSIC) is seeing $185 Million 2011E Cash Flow. Benchmark said that, “Shares of GSI Commerce (GSIC-Buy, PT from $28 to $27) have fallen 16%, versus the NASDAQ composite falling 4%, since reporting 4Q10 results on February 9 reflecting the NFL...

Benchmark is out with its report today on GSI Commerce (NASDAQ: GSIC), after Nordstrom's announced Thursday that it is acquiring HauteLook, an online retailer, for $180M. Jamie Nordstrom, the President of Nordstrom direct stated, "Customers are responding to this way of shopping, so we'd like to...

Benchmark is out with its report today on GSI Commerce (NASDAQ: GSIC), lowering its PT from $29 to $28. In a note to clients, Benchmark writes, "GSI Commerce reported 4Q10 results which matched expectations. Total revenue of $537 million, up 25% y/y, was slightly ahead of consensus at $532 million...