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Fly News Breaks for November 28, 2018
W
Nov 28, 2018 | 10:17 EDT
After Wayfair reported that its direct retail sales increased 58% year-over-year for the five-day period between Thanksgiving and Cyber Monday, Baird analyst Colin Sebastian called the results "impressive" and noted that this represents an acceleration from 53% in 2017 and 52% in 2016. Noting that reported Q4 direct retail growth rates have averaged 80-85% of the "Cyber Five" growth rate over the last two years, Sebastian said the Cyber Five results suggest there is "considerable upside potential" for the quarter. However, he also believes the highly promotional nature of the holiday may be concentrating spending early in the holiday period and maintains a Neutral rating on Wayfair shares with a $108 price target.
News For W From the Last 2 Days
W
Mar 27, 2024 | 17:19 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSRH... To see the rest of the story go to thefly.com. See Story Here