BMO Capital analyst Brian Pitz lowered the firm’s price target on Wayfair (W) to $38 from $55 and keeps a Market Perform rating on the shares after its Q1 results and guidance. The company is adjusting to tariff changes with CastleGate Fulfillment and the adoption of incremental advertising, the analyst tells investors in a research note. Supply levels are currently healthy, but the outlook remains dynamic due to the changing tariff environment, BMO adds.
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Read More on W:
- Wayfair price target lowered to $55 from $60 at Raymond James
- Wayfair price target lowered to $35 from $45 at Bernstein
- Wayfair’s Resilience and Growth Potential: A Buy Rating Amid Strategic Initiatives and Market Challenges
- Wayfair’s Solid Q1 Performance Overshadowed by Macroeconomic Uncertainties and Revenue Visibility Concerns
- Wayfair price target raised to $32 from $30 at Citi
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