Wayfair price target raised to $65 from $25 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Wayfair to $65 from $25 but keeps a Sell rating on the shares after its Q2 results, with the most meaningful update being positive free cash flows based on the pull-down of accounts receivable. The firm adds however that its negative thesis on the stock remains as the company is funded by debt, and the cost of debt has increased significantly.