Truist Securities Maintains Buy on Wayfair, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Wayfair but lowered the price target from $70 to $60.
August 02, 2024 | 1:32 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Wayfair but lowered the price target from $70 to $60.
The Buy rating suggests continued confidence in Wayfair's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100