BMO Capital Initiates Coverage On Wayfair with Market Perform Rating, Announces Price Target of $57
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has initiated coverage on Wayfair (NYSE:W) with a Market Perform rating and set a price target of $57 for the company's stock.

January 09, 2024 | 11:09 am
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BMO Capital has initiated coverage on Wayfair with a Market Perform rating and a price target of $57, which may influence investor sentiment and stock performance.
The initiation of coverage by BMO Capital with a Market Perform rating suggests a neutral outlook on Wayfair's stock, indicating that the stock is expected to perform in line with the market or sector. The price target of $57 provides a reference point for investors, but since it is not a strong buy or sell rating, the immediate impact on the stock price may be moderate. The importance is significant as analyst coverage can affect market perception, but the neutral stance tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100