TD Cowen lowered the firm’s price target on Wayfair (W) to $36 from $44 and keeps a Hold rating on the shares. The firm updated its model to reflect ongoing Home category softness and given a roughly 100bps impact from Germany exit.
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Read More on W:
- Wayfair price target raised to $30 from $28 at Citi
- Wayfair’s Mixed Financial Outlook: Hold Rating Amid Revenue Decline and Market Challenges
- Wayfair price target lowered to $29 from $46 at Stifel
- Wayfair’s Strategic Pricing Advantage: A Buy Recommendation by Jonathan Matuszewski
- Wayfair price target lowered to $46 from $58 at Piper Sandler