Wayfair upgraded to Accumulate at Gordon Haskett after Q2 ‘delivered’

As previously reported, Gordon Haskett upgraded Wayfair (W) to Accumulate from Hold with a $100 price target stating that the company “delivered” against a high bar in Q2 by posting total revenue growth of 5.0%, or about 6.0% adjusting for the Germany exit. At a macro level, the industry appears to have stabilized and management attributed Wayfair’s outperformance to market share gains and investments in the business augmenting this improvement in the environment, the analyst tells investors.