Wayfair price target lowered to $50 from $60 at Wedbush

Wedbush lowered the firm’s price target on Wayfair to $50 from $60 and keeps an Outperform rating on the shares following "in line" top-line Q4 earnings results with Q1 revenue guidance that was "worse than expected." Wedbush opined that "while the cost savings outlook is less favorable then first expected, we remain encouraged by improving customer unit economics, ongoing share gains, and still sizable costs savings opportunities."