Wayfair Inc (NYSE:W) appears to be on pace for mid-single-digit revenue growth in the second quarter, according to Jefferies, though the firm maintained a cautious outlook for the second half of the year based on weakening forward demand indicators. Jefferies reiterated its ‘Hold' rating on the online home furnishings retailer, citing website traffic data through May that suggests the company is tracking toward approximately 5% year-over-year growth for the current quarter.