Argus upgraded Wayfair to Buy from Hold with an $83 price target. Home furnishing sales began the year weak, but growth in orders and active users who have purchased at least once over the past year should act as a catalyst for revenue, the analyst tells investors in a research note. The firm says that given Wayfair’s broad selection of furniture, home goods and housewares, the company benefit from growth in online purchases of home furnishings.
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