** Shares of ecommerce firm eBay EBAY.O fall 3.6% to $62.83 in premarket trading
** Jefferies downgrades EBAY to "underperform" from "hold", cuts PT to $52 from $60
** "We expect slowing advertising growth to eliminate a key source of margin and reinvestment capabilities, resulting in downside to both GMV (gross merchandise volume) and EBITDA," Jefferies analysts say
** A recent slowdown in China eliminates a key tailwind to growth and further increases risk to numbers - brokerage
** 11 of 35 brokerages rate the stock "buy" or higher, 21 "hold" and 3 "sell" or lower; median PT is $62.65 - data compiled by LSEG
** Up to last close, stock up 49.3% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))
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