Wayfair price target raised to $85 from $40 at Barclays

Barclays raised the firm’s price target on Wayfair to $85 from $40 and keeps an Equal Weight rating on the shares. The company’s Q2 results and outlook were encouraging, showing a return to positive revenue and customer growth, healthy share gains versus mass competitors, and improving profitability while still investing in the customer, the analyst tells investors in a research note.