Piper Sandler raised the firm’s price target on Wayfair (W) to $98 from $95 and keeps an Overweight rating on the shares. The firm likes the set-up into Q3 earnings. Piper notes the Q3 Furniture Retailer survey completed in partnership with the Home Furnishings Association – including 10-12 retailers representing about 500 stores – saw impressive acceleration in Furniture demand to +7.2%/+6.0%.
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- Wayfair price target raised to $90 from $84 at Wells Fargo
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