Wedbush Securities upgrades Wayfair (NYSE:W) to an Outperform rating after having the online retailer slotted at Neutral.
The firm expects the pandemic to have a positive long-lasting impact on Wayfair after consumer spending habits shifted dramatically.
Wedbushs assigns a price target of $240 to Wayfair vs. the average sell-side PT of $179.89.
Shares of Wayfair are up 1.66% premarket to $214.30.
