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Why eBay Stock Is a Buy and Etsy Stays on the Shelf, According to Morgan Stanley

Why eBay Stock Is a Buy and Etsy Stays on the Shelf, According to Morgan Stanley

EBay and Etsy have similar stories, but only one of the e-commerce stocks is a buy, Morgan Stanley argued on Thursday. Analysts Nathan Feather and Brian Nowak upgraded eBay to Overweight from Underweight and boosted their price target to $62 from $35 in a note titled “Shopping for Opportunities.” The duo also cut their rating on Etsy to Underweight from Equal Weight and lowered the price target to $55 from $64.