Etsy Shares Gain on KeyBanc Upgrade

Etsy Shares Gain on KeyBanc Upgrade
Etsy Sellers Market in Times Square celebrating Etsy's going IPO at Nasdaq in New York, on April 16, 2015. Paul Zimmerman/Getty Images for NASDAQ
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KeyBanc analyst Edward Yruma upgraded Etsy Inc. to Overweight from Sector Weight with a $200 price target, suggesting an upside of 22.6 percent.

The analyst believes Etsy has some of the most compelling long-term secular growth opportunities in his coverage and that management set guidance reasonably for Q4.