Jefferies Boosts Target on Williams-Sonoma (WSM) Post-Q3, 'Weakness will be Short Lived'

Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0)

Jefferies reiterated its Buy rating and raised its price target on Williams-Sonoma (NYSE: WSM) from $48 to $52 despite Q3 results and Q4 guidance that was shy of the Street.

The firm comments, "Below-consensus guidance on 4Q put pressure on the shares after hours, but we think the weakness may be short lived as 3Q results strengthen investors' confidence in margin outperformance going forward. Macro uncertainties and disruption from Sandy justify the conservative guide, but we continue to see the opportunity for a meaningful beat on EPS this quarter."

FY12 EPS estimates go from $2.62 to $2.63.

For an analyst ratings summary and ratings history on Williams-Sonoma click here. For more ratings news on Williams-Sonoma click here.

Shares of Williams-Sonoma closed at $45.11 yesterday, with a 52 week range of $32.67-$48.07.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
• Best Buy (BBY) May Show Progress on Earnings Front, UBS Remains Neutral
• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?