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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 08:08 EDT
SunTrust analyst Naved Khan raised the firm's price target on Etsy to $64 from $55 and keeps a Buy rating on the shares. The analyst says the company's Q4 results and 2020 outlook showed the strength of its underlying fundamentals, adding that its planned rollout of Offsite Ads accelerates its move towards seller-funded performance ad spend and also contributes to its EBITDA.
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