Wayfair price target raised to $80 from $55 at UBS

UBS raised the firm’s price target on Wayfair (W) to $80 from $55 and keeps a Buy rating on the shares. UBS sees a positive setup for shares heading into the Q2 earnings report, and expects the print to showcase that its business is gaining momentum, the analyst tells investors in a research note. While tariff uncertainty will not be resolved on this print, Wayfair has the opportunity to reassure the market its unique model is well-positioned relative to traditional furnishings peers, UBS says.