Jefferies downgrades Wayfair, says be wary of an air pocket for the stock

Traders wait for the Wayfair IPO on the floor of the New York Stock Exchange October 2, 2014.
Lucas Jackson | Reuters

The recent slide for Wayfair's stock appears unlikely to reverse any time soon, according to investment firm Jefferies.

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls of the day: Apple, Robinhood, Amazon, IMAX, Southwest & more
CNBC ProBoeing could rally nearly 30% as aircraft deliveries pick up, RBC says
CNBC ProWall Street analysts bail on Intel turnaround story as stock gets 3 downgrades