Wayfair price target raised to $106 from $88 at Citi

Citi raised the firm’s price target on Wayfair to $106 from $88 and keeps a Buy rating on the shares. The company’s Q2 results and Q3 guidance came in ahead of expectations as Wayfair executes on its turnaround and provides proof points that it has structurally improved its profitability profile, the analyst tells investors in a research note. The firm says the company “is generating real cash flow now.” It sees continued upside to estimates from here.