Wayfair falls on J.P. Morgan PT cut
ReutersMar 10, 2025 1:50 PM
Online furniture retailer Wayfair's W.N shares down 3% at $33.96
Brokerage J.P. Morgan cuts PT to $50 from $63
Sees W as a "tariff loser" due to sourcing from China and worries that co will lose market share to traditional retailers
Says W is trending just below flat in QTD sales as Jan and Feb demand was choppy, according to management
"Wayfair expects 2025 to be the year where the company's investments in competitive differentiation return the business to a state of growth regardless of market conditions" - brokerage
W stock has fallen 21% YTD including session's moves
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