 Shares of EBay Inc. rallied 1.9 in premarket trading Friday, after Stifel Nicolaus analyst Scott Devitt turned bullish on the e-commerce company, as retail closures resulting from the coronavirus pandemic has shifted a substantial portion of consumer spending online. Devitt raised his rating to buy, after being at hold since October 2018, and lifted his price target to 45 from 40. He said third-party data shows that e-commerce sales have accelerated dramatically in March with strong momentum continuing in April. EBay is a direct beneficiary of the current landscape and we see upside to near-term topline results as competing platforms temporarily prioritize food and household necessities and consumer demand for items desired for work and education in the home inflect higher, Devitt wrote in a note to clients. Devitt also raised his stock price targets for rival e-commerce companies Amazon.com Inc. to 2,600 from 2,400 and for Wayfair Inc. to 115 from 75, while maintaining his buy ratings for both companies. Year to date, EBays stock has gained 5.0 through Thursday, while Amazon shares have run up 29.9 and Wayfairs stock has climbed 15.8 and the SP; 500 has lost 13.4. 