Baird lowered the firm’s price target on Wayfair (W) to $45 from $50 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results where the company was seen fortifying margins through GenAI.
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Read More on W:
- Wayfair’s Strategic Workforce Reduction and Technology Replatforming Drive Buy Rating with Long-term Growth Prospects
- Wayfair price target lowered to $50 from $63 at JPMorgan
- Wayfair price target lowered to $41 from $50 at BofA
- Wayfair’s Strategic Adjustments and Market Challenges: A Balanced Hold Rating
- Morgan Stanley says Wayfair staff reduction creates additional savings potential
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