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Fly News Breaks for September 28, 2018
W
Sep 28, 2018 | 07:49 EDT
Canaccord analyst Maria Ripps raised her price target on Wayfair to $165 from $140 as she believes consumers continue to embrace the convenience and ease of online purchasing. The analyst raised her longer-term revenue forecast as she believes its investments should enable it to drive further e-commerce adoption and take an outsized share of the expanding market. Ripps reiterated her Buy rating on Wayfair shares.
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