Bernstein raised the firm’s price target on Wayfair (W) to $70 from $50 and keeps a Market Perform rating on the shares. The company reported one of its better quarters, beating expectations on U.S. and International revenue, the analyst tells investors in a research note. Ideally, order volumes and Customer growth return soon, but within the context of recent trends and Street numbers, Q2 was “solid”, the firm stated.
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