Etsy upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Etsy (ETSY) to Overweight from Equal Weight with a price target of $72, up from $62. The firm sees the company’s sale of Depop and its core business hovering around flattish after years of declines as a “tipping point” for Etsy, the analyst tells investors in a research note. Barclays adds that a shift to positive growth and closing the gap relative to broader e-commerce will be key for shares to work from here.