Wayfair price target lowered to $63 from $65 at Truist

Truist lowered the firm’s price target on Wayfair to $63 from $65 but keeps a Buy rating on the shares after its Q4 results and outlook. The firm remains constructive on the stock as the quarter showed demand trends stabilizing with positive gowth in active customers and orders Y/Y, offset by lower AOVs, or average online order, the analyst tells investors in a research note. Truist Card Data also reflects a tough January but an improving February, the firm added.