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Fly News Breaks for February 13, 2019
SHOP, ETSY
Feb 13, 2019 | 14:06 EDT
Roth Capital analyst Darren Aftahi raised his price target on shares of Etsy (ETSY) to $64 from $52 ahead of the company's Q4 report, stating that several data points, including e-commerce growth rates and Shopify's (SHOP) Q4 results, point to healthy growth rates for small-to-medium businesses. The analyst, who said he views Shopify's results as "likely the most positive data point in terms of a leading indicator" for Etsy, keeps a Buy rating on the stock ahead of the company's report on February 25.
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