Wayfair price target lowered to $79 from $92 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Wayfair (W) to $79 from $92 and keeps a Neutral rating on the shares. Wayfair reported Q1 results ahead of expectations on adjusted EBITDA, driven by continued fixed-cost leverage and disciplined expense management, while management emphasized accelerating market share gains in a soft home category, the analyst tells investors in a research note.