Wayfair upgraded by Raymond James after third-quarter results

Wayfair , a home goods site, was upgraded to strong buy from outperform by Raymond James analysts after the company reported better than expected results Tuesday. The analysts increased the price target to $60 from $55. The analysts cited Wayfair’s strong third-quarter results, particularly with revenue growth, Wayfair’s gains in the online home goods market and better brand awareness for the company. Wayfair shares were up 1.5% in pre-market trade Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply