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Fly News Breaks for March 2, 2020
W
Mar 2, 2020 | 05:18 EDT
Baird analyst Colin Sebastian lowered the firm's price target on Wayfair to $67 from $102 and keeps a Neutral rating on the shares. The company's Q4 results amplified concerns on structural profitability with steep declines in incremental margins, making it difficult to underwrite high levels of infrastructure/overhead investments, Sebastian tells investors in a research note. However, the analyst acknowledges that Wayfair management is taking proactive steps to right-size the company's cost structure while maintaining a "defensible moat."
News For W From the Last 2 Days
W
Apr 24, 2024 | 13:26 EDT
Bullish option flow detected in Wayfair with 10,218 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 81.40%. May-24 60 puts and Sep-24 60 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 2nd.
W
Apr 24, 2024 | 12:00 EDT
W
Apr 24, 2024 | 07:31 EDT
TD Cowen raised the firm's price target on Wayfair to $55 from $50 and keeps a Hold rating on the shares. The firm said they expect the company to report revenue and EBITDA slightly below current consensus estimates when it reports earnings.
