RBC Capital lowered the firm’s price target on Wayfair to $55 from $73 and keeps a Sector Perform rating on the shares. The company posted a slightly softer top line but overdelivered on EBITDA, the analyst tells investors in a research note, adding that the firm remains encouraged but its emphasis on controlling costs.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on W: