Shares of Wayfair (W) are trading higher Thursday after Evercore ISI updgraded the company's stock. The firm has upgraded its rating on the homeware retailer to Outperform from In-line, while also raising Wayfair's price target to $80 per share due to the company's improving financial performance, driven by the implementation of cost-cutting measures. Yahoo Finance's Seana Smith and Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Wayfair (W) are trading higher Thursday after Evercore ISI updgraded the company's stock. The firm has upgraded its rating on the homeware retailer to Outperform from In-line, while also raising Wayfair's price target to $80 per share due to the company's improving financial performance, driven by the implementation of cost-cutting measures.
Yahoo Finance's Seana Smith and Madison Mills breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Reuters
Private equity firm Carlyle Group is weighing strategic options, including a sale, for StandardAero that could value the U.S. aircraft maintenance services provider at about $10 billion, including debt, people familiar with the matter said. Carlyle's deliberations come as the aviation sector recovers from the slump of the COVID-19 pandemic and as its peers capitalize on a rise in mergers and acquisitions to cash out on their investments. Carlyle is in the early stages of evaluating options for StandardAero and is working on selecting advisors to lead the review process, the sources said.
The Wall Street Journal
Shares of Lamb Weston dropped Thursday after the food-processing company cut its outlook for fiscal 2024. Lamb Weston stock was recently off 16%, on track for its lowest close of the year. Chief Executive Tom Werner attributed the reduced guidance to soft near-term restaurant traffic trends and a transition to a new enterprise resource planning system in North America that has hurt its financial results more than expected.
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