Wayfair price target raised to $139 from $118 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the firm’s price target on Wayfair to $139 from $118 and keeps an Outperform rating on the shares. The company reported its highest ever gross margin at 31.1% due to prior cost containment measures, but with delivered orders inflecting positive to 3% for the first time in nine quarters, Wayfair is growing into its now-higher capacity, the analyst tells investors in a research note.