Wayfair added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Oliver Wintermantel is adding Wayfair (W) to the firm’s “Tactical Outperform” list into Q4 earnings on February 19, telling investors that Q4 “should be a margin validation quarter” and reinforce that the model has structurally reset higher. The firm, which views the setup as “asymmetric,” with expectations anchored on durability of margins rather than top-line acceleration, and calls recent stock weakness “largely nonfundamental,” has an Outperform rating and $115 price target on Wayfair shares.