Wayfair shares are trading higher after Piper Sandler upgraded the stock to Overweight from Neutral and raised the price target to $97 from $35.
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has upgraded Wayfair's stock from Neutral to Overweight and raised the price target to $97 from $35. This has resulted in Wayfair shares trading higher.
July 31, 2023 | 11:27 am
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POSITIVE IMPACT
Wayfair's stock has been upgraded by Piper Sandler, and the price target has been raised. This has led to an increase in the trading price of Wayfair shares.
The upgrade of Wayfair's stock by Piper Sandler from Neutral to Overweight indicates a positive outlook for the company. The increase in the price target from $35 to $97 further strengthens this positive sentiment. As a result, investors are likely to have increased confidence in the company, leading to higher demand for the stock and an increase in its trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100