Jefferies analyst Jonathan Matuszewski raised the firm’s price target on Wayfair (W) to $102 from $91 and keeps a Buy rating on the shares after the company disclosed new awards package for CEO Niraj Shah. The CEO’s potential compensation over a multi-year time horizon increases the likelihood of management consistency and points to the “significant opportunity” the board sees for realizable shareholder value creation, the analyst tells investors in a research note.
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