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Fly News Breaks for January 24, 2018
W
Jan 24, 2018 | 09:20 EDT
MKM Partners analyst Patrick McKeever raised his price target on Wayfair to $107 forecasting rising sales on "incremental disposable income stemming from the U.S. tax reform to be directed toward bigger-ticket purchases for the home. The analyst contends that while the stock is up over 60% from its November lows, it still appears undervalued given that "90% of workers will see a higher paycheck" beginning next month. McKeever keeps his Buy rating on Wayfair.
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