Wayfair price target raised to $95 from $80 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Wayfair (W) to $95 from $80 and keeps a Buy rating on the shares. The firm is citing “favorable” quarter-to-date trends while noting that the company’s tariff situation looks “manageable”, the analyst tells investors in a research note. The positive trends in the business can be attributed to Wayfair’s investments in its strategic product and logistics initiatives leading to share gains in a challenged category as well as a relatively insulated position from tariffs, the firm added.