Etsy price target lowered to $110 from $123 at BofA

BofA analyst Curtis Nagle lowered the firm’s price target on Etsy to $110 from $123 and keeps a Neutral rating on the shares ahead of the company reporting Q2 earnings on Wednesday, August 2. The firm maintains its Q2 GMS, revenue and EBITDA forecasts, but lowers estimates for the remainder of the year based on mixed real time data trends in the U.S. and International segments, the analyst tells investors.