Wayfair price target raised to $68 from $38 at BMO Capital

BMO Capital raised the firm’s price target on Wayfair (W) to $68 from $38 and keeps a Market Perform rating on the shares. The company reported a “solid” Q2 with 5% growth in Average Order Value driving 5% and 50% upside to Revenue and adjusted EBITDA respectively, the analyst tells investors in a research note. The management also believes that a competitive market environment is leading suppliers to eat tariff impacts, the firm added.