TD Cowen raised the firm’s price target on Wayfair to $58 from $52 and keeps a Market Perform rating on the shares following the company’s announcement of a 1,650 headcount reduction that is expected to drive $280M+ in annual cost savings. While the firm’s Q4 estimates remain unchanged, TD has updated its long-term forecast to account for the restructuring.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on W: