BofA lowered the firm’s price target on Wayfair (W) to $120 from $130 and keeps a Buy rating on the shares ahead of the company’s earnings report due on Thursday, February 19 before market open. The firm, which is raising its Q1 revenue estimate to $2.96B, which is above the Street view by about 3%, is leaving its “above-Street” EBITDA forecast at about $155M, but lowering its price target given the recent multiple compression across the e-commerce industry.
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