BUZZ-Wayfair falls on J.P. Morgan PT cut

Reuters

2025/03/10

BUZZ-<a href="https://laohu8.com/S/W">Wayfair</a> falls on J.P. Morgan PT cut

** 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

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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