Evercore ISI lowered the firm’s price target on Etsy (ETSY) to $60 from $65 and keeps an Outperform rating on the shares following what the firm describes as “a Mixed & Lower Q4 print.” For Q1, GMS trends are expected to be similar to Q4’s decline of 7% year-over-year, though management expects trend improvement beyond Q1, the analyst tells investors.
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