Wayfair (W) PT Lowered to $289 as Baird Expects Weakness to Fall into Q3
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Price: $101.13 -1.76%
Rating Summary:
27 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
27 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Baird analyst Colin Sebastian lowered the price target on Wayfair (NYSE: W) to $289.00 (from $305.00) while cutting Q2/Q3 estimates following mixed intraquarter data points and more intra quarter data points from Amazon, Pintrest and Overstock.
The analyst reiterated a Neutral rating, stating "while we still expect a sequential ramp into back to school, our revenue estimates are now slightly below consensus."
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