Morgan Stanley Downgrades Etsy to Underweight, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk downgraded Etsy (NASDAQ:ETSY) from Equal-Weight to Underweight and reduced the price target from $64 to $55.

April 18, 2024 | 12:28 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley downgraded Etsy to Underweight and lowered its price target to $55.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a bearish outlook on the company's future performance. The reduction in price target further emphasizes the analyst's lowered expectations for the company's stock price, potentially leading to decreased investor confidence and a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100