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Fly News Breaks for August 21, 2019
W
Aug 21, 2019 | 18:40 EDT
Stifel analyst Scott Devitt upgraded Wayfair to Buy with an unchanged price target of $150, saying the 12% decline in the stock price since the company's posted its Q2 results has created a compelling entry point. The analyst notes that the quarter was "complicated by very heavy investment in its international operations", which overshadowed the start of a positive profit ramp in its U.S. business. Devitt adds that on a stand-alone basis, Wayfair's U.S. business now trades at a 25% discount to the company's eCommerce peers.
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