Canaccord lowered the firm’s price target on Wayfair (W) to $58 from $68 and keeps a Buy rating on the shares. The firm updated its model ahead of Q1 results where they are generally cautious and anticipate some volatility in post earnings stock reactions.
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Read More on W:
- Wayfair price target lowered to $25 from $43 at RBC Capital
- Wayfair price target lowered to $36 from $44 at TD Cowen
- 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