Wayfair price target lowered to $33 from $41 at BofA

BofA lowered the firm’s price target on Wayfair (W) to $33 from $41 and keeps a Neutral rating on the shares. In the firm’s tariff sensitivity analysis, it estimates that Wayfair would have to increase prices by 8%-32% depending on the extent of tariff mitigation and that EBITDA would also likely take a hit with lower volumes.