Wayfair price target raised to $55 from $50 at BMO Capital

BMO Capital raised the firm’s price target on Wayfair (W) to $55 from $50 and keeps a Market Perform rating on the shares. The company printed solid Q4 results, with revenue exceeding expectations on strong holiday sales, the analyst tells investors in a research note, also noting that CastleGate’s double delivery speed vs. drop-ship competitors should ignite volume as the cyclical trough normalizes.