Loop Capital upgrades Wayfair to Hold following recent selloff
) to a Hold rating and cut their 12-month price target to $50.00 following a recent drop in the online retail company’s share price.
“Our bearish thesis has been that growth at W is funded by debt, and the cost of debt has increased significantly. The organic sales trend for home goods continues to decline following the COVID-related boom. It's unclear to us when home furnishings will be a growth industry again, but at this share price we see risk-reward evenly balanced,” write the analysts at Loop Capital in a note.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Wayfair's Top 30 Home Products for a Cozy Fall RetreatYour house is about to be the go-to hangout spot this autumn.
Consulte Mais informação »
Driver crashes into another car to escape group of people attacking vehicle in Loop: VIDEOA downtown driver crashed into another vehicle while trying to escape from a group of people damaging his car.
Consulte Mais informação »
Empowering Translation With LangOps And The Virtuous Data LoopJoão Graça is the co-founder and CTO of Unbabel. Read João Graça's full executive profile here.
Consulte Mais informação »
LinkedIn Feed Evolution: More Granular and Powerful Machine Learning, Humans Still in the LoopLinkedIn is a case study in terms of how its newsfeed has evolved over the years. Recently, a major update was rolled out; here's how it works
Consulte Mais informação »
Protesters in US capital warn of Israeli 'genocide' in besieged GazaPro-Palestine demonstration outside White House draws thousands from many ethnicities and religions, including Arabs, Asians, Latinos, African-Americans and others.
Consulte Mais informação »