Wayfair Faces Short-Term Challenges But Holds Long-Term Potential: Analysts Say

Wayfair Inc. W shares are trading lower on Friday.The company’s recently released second-quarter results show adjusted EPS and sales falling short of expectations amid cautious consumer spending and a challenging market.The results came amid an exciting earnings season. Here are some key analyst takeaways.RBC Capital Markets analyst Steven Shemesh reiterated the Sector Perform rating on the stock, lowering the price forecast to $53 from $65.Shemesh trimmed estimates on the back of a more muted industry dema ...