Piper Sandler Maintains Overweight on Wayfair, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Peter Keith maintains an Overweight rating on Wayfair (NYSE:W) but lowers the price target from $67 to $63.
October 28, 2024 | 12:00 pm
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Piper Sandler maintains an Overweight rating on Wayfair but reduces the price target from $67 to $63, indicating a slightly less optimistic outlook.
The reduction in the price target from $67 to $63 suggests a slightly less optimistic view on Wayfair's stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100