Etsy price target raised to $115 from $95 at Deutsche Bank

Deutsche Bank analyst Lee Horowitz raised the firm’s price target on Etsy to $115 from $95 and keeps a Hold rating on the shares ahead of the Q4 results. Since October, credit card data, consumer confidence indicators, holiday e-commerce spending data points, and U.S. e-commerce data have all proved more resilient than initially feared, the analyst tells investors in a research note.