Wayfair Can Compete With Amazon In Home Products

By | October 27, 2014

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Wayfair can carve a niche in the home products market — even with competition from Amazon.com. That’s the conclusion from Michael Graham, an analyst for Canaccord Genuity, which launched coverage of the online home products retailer with a buy rating and a price target of 34. Wayfair (W) stock jumped 3% on the stock market today. Shares are trading near 26. Wayfair launched its initial public offering on Oct. 2 with an offering price of 29. The Scalper1 News

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