An employee walks past a quilt displaying Etsy Inc. signage at the company’s Brooklyn headquarters.
Victor J. Blue / Bloomberg via Getty Images
The good news on the e-commerce platform Etsy is broadly integrated and it’s time for the action to take a break, according to KeyBanc Capital Markets.
The investment firm downgraded the stock from ecommerce to sector weighting from overweight, saying the company would struggle to keep pace with the high expectations it had seen in 2020.