Wayfair price target lowered to $105 from $120 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Wayfair (W) to $105 from $120 but keeps a Buy rating on the shares. The company’s stronger than expected Q4 top and bottom line results show that while the Home Furnishings segment remains challenged, Wayfair continues to outperform and gain share with sustained internal execution and improving unit economics, the analyst tells investors in a research note.