Wayfair price target raised to $60 from $55 at Jefferies

Jefferies raised the firm’s price target on Wayfair (W) to $60 from $55 and keeps a Buy rating on the shares. Wayfair has been adding to its market share over the past few quarters and June data marks three consecutive months of web traffic share gains, the analyst reported. This is “a dynamic we haven’t seen occur in over a year” and reinforces it firm’s above-consensus estimates, the analyst tells investors.