Etsy Inc (NASDAQ: ETSY) shares are trading lower Thursday morning after Jefferies downgraded the stock from Buy to Underperform.
Analysts lowered their price target from $150 to $85, citing concerns surrounding deteriorating spend by buyers on the platform.
Wells Fargo cut the price target for SVB Financial Group (NASDAQ: SIVB) from $350 to $300. Wells Fargo analyst Steven Shaw maintained an Overweight rating. SVB Financial shares fell 29.1% to $190.02 in pre-market trading.