Citi raised the firm’s price target on Wayfair (W) to $135 from $105 and keeps a Buy rating on the shares. The company’s Q3 beat and Q4 outlook highlight the company’s competitive strength, the analyst tells investors in a research note. Citi believes Wayfair is seeing both strong demand trends and share gains.
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Read More on W:
- Wayfair price target raised to $104 from $70 at Barclays
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- Wayfair upgraded to Buy at BofA amid accelerating share gains