Etsy price target lowered to $56 from $64 at Stifel

Stifel lowered the firm’s price target on Etsy (ETSY) to $56 from $64 and keeps a Hold rating on the shares. Data the firm tracks suggests Q3 e-commerce growth was in-line to marginally better than Q2 in aggregate, the analyst tells investors in a preview for the internet e-commerce and subscriptions group.