S&P Equity Research Downgrades Williams-Sonoma (WSM) to Sell
More News related to WSM
- Cowen & Co Downgrades Williams-Sonoma (WSM) to Underperform
- Beacon Equity Issues Technical Trade Alerts on Market Movers: FDO, IMAX, WSM, JCG, PSUN, ISRG
- Williams-Sonoma (WSM) Reports Holiday Comps Fell 24.2%; Affirms Q4, FY08 Outlook
- Williams-Sonoma, Inc. Announces a 22.6% Decrease in 2008 Holiday Revenues
- Williams-Sonoma, Inc. Announces Release Date for 2008 Holiday Sales: Thursday, January 8, 2009
More News related to Downgrades
- ARGUS Downgrades Smith International (SII) to Hold
- Cantor Fitzgerald Downgrades Audiocodes (AUDC) to Hold After Negative 4Q Preannouncement
- MDB Capital Downgrades Ener1 (HEV) to Sell, Suspends Earnings Model and Valuation on Stock No Longer Justified
- DA Davidson Downgrades Ambassadors Group (EPAX) to Neutral
- SunTrust Downgrades Ruby Tuesday, Inc. (RT) to Neutral
S&P Equity Research downgrades Williams-Sonoma (NYSE: WSM) from Hold to Sell.
S&P analyst, M. Souers, says, "Following a 25% share price increase over the past two months, we now see the shares as overvalued at 18.5X our FY 09 (Jan.) EPS estimate of $1.48. We think the deteriorating housing market and weak consumer spending will adversely impact sales in the near term. Moreover, raw material increases and intensifying competitive pressures should cause operating margins to narrow significantly, in our view. While we favor WSM's strong brands and longer-term growth prospects, we think risk/reward quotient is currently negative. We reiterate our $26 DCF-based target price."
Williams-Sonoma, Inc. is a specialty retailer of products for the home. [SM]
Related Categories
DowngradesStocks Mentioned
-0.15Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
