Wayfair price target lowered to $45 from $55 at Loop Capital

Loop Capital lowered the firm’s price target on Wayfair (W) to $45 from $55 and keeps a Hold rating on the shares. The company’s Q4 adjusted EBITDA missed estimates, and while Wayfair should carefully manage overhead costs as it waits for a recovery, it is also notable that the management isn’t committing to an increase in margin rate, just dollar growth, the analyst tells investors in a research note.