Wayfair price target lowered to $88 from $93 at Piper Sandler

Piper Sandler analyst Peter Keith lowered the firm’s price target on Wayfair to $88 from $93 and keeps an Overweight rating on the shares. Wayfair’s Q4 results were not as a bad as buy-side expectations, and while sales slowed in the quarter, Wayfair is still clearly taking market share in the U.S., the analyst tells investors in a research note.