Goldman Sachs Boosts Target on Williams-Sonoma (WSM) On Signs of Stabilization

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Goldman Sachs lifted estimates and its price target on Buy-rated Williams-Sonoma (NYSE: WSM) from $42 to $44 following Q1 results Tuesday.

The firm said signs of stabilization outweigh the choppy brand performance. Specially they noted revenue tracked to the high end of expectations and the firm spoke to progress in proprietary product development at the namesake W-S brand.

Goldman raised 2012 EPS forecast nominally to $2.56 from $2.54, to reflect
the 1Q12 beat. They maintain 2013/2014 forecasts of $2.90/$3.28

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 $35.89 yesterday, with a 52 week range of $27.90-$40.76.

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