Wedbush lowered the firm’s price target on Wayfair (W) to $45 from $50 and keeps an Outperform rating on the shares. The firm notes shares traded lower Friday after slightly missing Q3 EBITDA expectations on in-line sales and providing a disappointing Q4 sales and margin outlook. Incremental marketing investments drove the worse than expected EBITDA margin performance in Q3 and outlook for Q4.
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Read More on W:
- Wayfair price target lowered to $46 from $69 at Deutsche Bank
- Wayfair price target lowered to $55 from $60 at Truist
- Wayfair price target lowered to $72 from $90 at Morgan Stanley
- Wayfair price target lowered to $60 from $65 at Mizuho
- Wayfair price target lowered to $50 from $53 at RBC Capital
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