Wayfair price target raised to $68 from $56 at Stifel

Stifel raised the firm’s price target on Wayfair (W) to $68 from $56 and keeps a Hold rating on the shares. Q2 results that were “very healthy” have carried into strong quarter-to-date trends, the analyst noted. The firm is “pleased with the progress this quarter” and raised estimates, though it believes much of the improvement in fundamentals is “baked in at current levels,” the analyst tells investors.