Wayfair price target lowered to $80 from $83 at JPMorgan

JPMorgan lowered the firm’s price target on Wayfair to $80 from $83 and keeps an Overweight rating on the shares ahead of the Q4 report on February 22. The firm lower its Q4 total sales growth to negative 0.8%, in-line with market expectations, but maintains its slightly above the Street adjusted EBITDA forecast of $95M. The stock’s setup into the print “is a bit of a dustball,” the analyst tells investors in a research note.