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Fly News Breaks for October 31, 2019
ETSY
Oct 31, 2019 | 07:14 EDT
KeyBanc analyst Edward Yruma lowered his price target for Etsy to $78 from $90 after posting Q3 results that were largely in line with estimates, but says initiatives that should drive long-term growth added "noise" to results, and in conjunction with a 100 bps headwind from sales tax, some headwinds to guidance. Yruma, who maintains an Overweight rating, says his long-term framework remains unchanged.
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