Wlliam-Sonoma (WSM) Will Beat Q4 EPS Guidance Says Goldman

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Goldman Sachs reiterated a Buy on Williams-Sonoma (NYSE: WSM) and raised its price target to $51.00 (from $48.00).

Commenting on Williams-Sonoma's earnings report, analyst Matthew J. Fassler said "WSM delivered the beat to expectations we thought it could, and still looks capable of delivering a firm fourth quarter, even though its 4Q guidance is more subdued than our forecast."

The Goldman report noted that growth in sales, gross profit and EBIT accelerated for the third straight quarter on a pick-up in the furniture category.

WSM reported Q4 guidance of $1.21 to $1.28. Goldman thinks the William-Sonoma can beat forecasts, and estimate earnings of $1.34.

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.

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