Shares of Wayfair Inc. (NYSE:W – Get Free Report) dropped 5.1% during trading on Friday . The stock traded as low as $48.15 and last traded at $48.65. Approximately 497,661 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 4,665,717 shares. The stock had previously closed at $51.24.
Analysts Set New Price Targets
W has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on Wayfair from $73.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. Morgan Stanley upgraded Wayfair from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $80.00 in a research report on Tuesday, January 16th. Wedbush dropped their price objective on Wayfair from $80.00 to $65.00 and set an “outperform” rating for the company in a report…
