Wayfair price target lowered to $99 from $105 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Wayfair (W) to $99 from $105 but keeps a Buy rating on the shares. The company’s Q1 results show that while the home furnishing 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.