Wayfair price target lowered to $55 from $60 at Loop Capital

Loop Capital lowered the firm’s price target on Wayfair to $55 from $60 and keeps a Hold rating on the shares. The company eked out a “bit of growth” in Q4, but its Q1 looks worse, the analyst tells investors in a research note. The organic sales trend for home goods continues to decline, and it’s unclear when home furnishings will be a growth industry again, the firm added.