JPMorgan lowered the firm’s price target on Wayfair (W) to $105 from $114 and keeps an Overweight rating on the shares. The company reported “strong” results with a “prudent” outlook, the analyst tells investors in a research note. JPMorgan added Wayfair to its Analyst Focus List as a growth idea citing the recent pullback in the shares. The company’s accelerated share gains from Q4 continues with the market ticking down earlier in Q1 during extreme weather conditions, contends the firm.
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