Wayfair Upgraded By Raymond James After Third-quarter Results

By Caitlin HustonMarketWatch Pulse

Wayfair , a home goods site, was upgraded to strong buy from outperform by Raymond James analysts after the company reported better than expected results Tuesday. The analysts increased the price target to $60 from $55. The analysts cited Wayfair's strong third-quarter results, particularly with revenue growth, Wayfair's gains in the online home goods market and better brand awareness for the company. Wayfair shares were up 1.5% in pre-market trade Wednesday.

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