Wayfair price target raised to $80 from $40 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Wayfair (W) to $80 from $40 and keeps a Buy rating on the shares. The company’s stronger than expected Q2 results show that while the Home Furnishings segment remains challenged, it’s improving on the margin, with Wayfair gaining share on strong internal execution with improving unit economics, the analyst tells investors in a research note.