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Fly News Breaks for November 13, 2018
ETSY
Nov 13, 2018 | 16:22 EDT
BTIG analyst Marvin Fong started Etsy with a Buy rating and $59 price target. The analyst is positive on the company's "Amazon-baptized" business model and sees "multiple de-risked growth drivers." He believes investors are underestimating the upside potential of a Etsy's estimated 32M dormant buyers and is bullish on the company's Promoted Listings and International opportunity.