Wayfair (W) PT Lowered to $289 as Baird Expects Weakness to Fall into Q3

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."

You May Also Be Interested In

• Bernstein SocGen Group Upgrades Wayfair (W) to Outperform
• Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities
• Stantec Inc. (STN:CN) (STN) PT Lowered to Cdn$169 at Desjardins