Goldman Sachs Is Souring on ETSY Stock

Shares of online marketplace Etsy (NASDAQ:ETSY) — which specializes in handmade, vintage and craft supplies — slipped noticeably on Wednesday. The red ink follows Goldman Sachs downgrading ETSY stock due to concerns about consumer discretionary trends. While a worrisome prospect, investors should look at the broader context before making a final decision.According to a Seeking Alpha report, Goldman analyst Alexandra Steiger downgraded ETSY stock to “neutral” after previously rating it a “buy.” Specifically, ...