Goldman Sachs Downgrades Williams-Sonoma (WSM) to Neutral, Cites Margins Peak

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Goldman Sachs downgraded Williams-Sonoma (NYSE: WSM) from Buy to Neutral with a price target of $51.00.

The firm sees gross profit growth cresting in 2H2012 as the firm cycles depressed year-ago margins. They expect modest multiple contraction and see only 8% upside to their $51 price target.

NOTE: This is the second downgrade today.

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 $47.13 yesterday, with a 52 week range of $32.67-$48.07.

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