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Fly News Breaks for October 8, 2018
W
Oct 8, 2018 | 06:13 EDT
Loop Capital analyst Laura Champine raised her price target on Wayfair to $160 and kept her Buy rating following her deep dive analysis of the company's pricing, delivery, selection and market positioning. The analyst is most positive on Wayfair's net customer additions increases that assumes 900K incremental increase, though that number is still lower than 997K added in Q2. Champine also expects a 30%-plus growth from the company's e-commerce segment, which she anticipates to capture further market share from brick and mortar competitors.
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