Baird lowered the firm’s price target on Wayfair (W) to $50 from $56. The firm said macro headwinds in the Home category remain an overhang for the stock, as are tariff threats. Meanwhile, Wayfair continues to demonstrate improved operating efficiency with tactical investments and focus on innovation.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter