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Wayfair to benefit from At Home bankruptcy, says Mizuho

Mizuho analyst David Bellinger says multiple sources are reporting that large format furniture and home furnishings retailer At Home is close to a bankruptcy filing. Shares of Wayfair (W) traded higher yesterday, in part due to this development and some recent reprieve around tariff rates, the analyst tells investors in a research note. Mizuho believes Wayfair is best positioned within its coverage to pick up any displaced revenues from an At Home bankruptcy.

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