TD Cowen lowered the firm’s price target on Wayfair (W) to $44 from $45 and keeps a Hold rating on the shares. The firm noted 4Q revenue was above conensus while EBITDA was below as management cited ongoing macro issues including inflation and the housing market.
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Read More on W:
- Wayfair price target lowered to $53 from $55 at Truist
- Wayfair price target lowered to $50 from $52 at BofA
- Wayfair price target lowered to $68 from $76 at Canaccord
- Wayfair’s Strategic Growth and Profitability Improvements Justify Buy Rating
- Wayfair’s Mixed Financial Signals: Hold Rating Amid Market Challenges and Strategic Investments