RBC Capital Maintains Sector Perform on Wayfair, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Wayfair (NYSE:W) but lowered the price target from $73 to $55.

November 03, 2023 | 7:39 pm
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Wayfair's price target has been lowered from $73 to $55 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Wayfair's stock, which could lead to a decrease in its stock price in the short term. However, the maintenance of the 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector, indicating that the negative impact might be moderate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100