TD Cowen lowered the firm’s price target on Wayfair to $58 from $78 and keeps a Market Perform rating on the shares. The firm previewed its Q3 and expects them to report top-line (0.1%) versus consensus with gross margins andEBITDA largely in line with management guidance.
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Read More on W:
- Wayfair Announces Third Quarter 2023 Results, Reports Positive Year-Over-Year Revenue Growth with Strong Order Momentum and Profitability
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