Piper Sandler raised the firm’s price target on Wayfair (W) to $61 from $46 on improving industry demand, while keeping an Overweight rating on the shares. The firm says the May PSC Mattress Retailers Survey was quite encouraging with delivered sales on a mean/median basis at +4%/+5% year-over-year — marking the second consecutive month with sales among the best in 3 years.
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