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Adam Eckert

BIZARRE: Why wayfair shares are moving lower today | Mind Blowing Facts

Wayfair NYSE Wells Fargo Wayfair Inc

Wayfair Inc (NYSE:W) shares are trading lower Thursday after Wells Fargo analyst Zachary Fadem downgraded the stock from an Equal-Weight rating to an Underweight rating and lowered the price target from $110 to $100.

Following a series of recent checks, the Wells Fargo analyst has become incrementally cautious on macro-sensitive, big ticket and housing impacted retailers. As a result, Fadem lowered price targets on Wayfair, The Home Depot Inc (NYSE:HD) and Lowe's Companies Inc (NYSE:LOW), among others.

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