Wayfair price target raised to $86 from $72 at BofA

BofA raised the firm’s price target on Wayfair (W) to $86 from $72 and keeps a Neutral rating on the shares. Q3 Bloomberg Second Measure observed sales for Wayfair accelerated 250 basis points quarter-over-quarter, while the Street expects U.S. trends to decelerate 60 basis points, notes the analyst, who applies a higher multiple given the card spending data, though adds that “macro uncertainties persist.”