Wayfair shares are trading lower. Wedbush maintained an Outperform rating on the stock but cut its price target from $100 to $80.
Portfolio Pulse from Bill Haddad
Wedbush has maintained an Outperform rating on Wayfair's stock but reduced its price target from $100 to $80. This has led to a decrease in Wayfair's share price.
October 09, 2023 | 2:27 pm
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Wedbush has maintained an Outperform rating on Wayfair but cut its price target, leading to a decrease in Wayfair's share price.
The reduction in price target by Wedbush, a significant market analyst, has led to a decrease in Wayfair's share price. Despite maintaining an Outperform rating, the lower price target indicates a less optimistic outlook for the company's stock, which can negatively impact investor sentiment and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100