Morgan Stanley Maintains Equal-Weight on Etsy, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Etsy (NASDAQ:ETSY) and lowered the price target from $74 to $72.
August 04, 2023 | 1:35 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Etsy and lowered the price target from $74 to $72.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in Etsy's stock price in the short term. Investors may interpret this as a sign of decreased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100