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Fly News Breaks for January 23, 2018
W
Jan 23, 2018 | 07:17 EDT
As previously reported, Stifel analyst Scott Devitt downgraded Wayfair to Hold from Buy ahead of the company's upcoming Q4 earnings report, citing his view that the risk/reward is balanced at the stock's current levels. However, he said he expects strong Q4 results, with continued revenue momentum, and raised his price target on Wayfair shares to $90 from $82.
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