UPDATE: Jefferies Downgrades Williams-Sonoma (WSM) to Underperform
Get Alerts WSM Hot Sheet
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 8 | New: 3
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Jefferies analyst Jonathan Matuszewski downgraded Williams-Sonoma (NYSE: WSM) from Hold to Underperform with a price target of $100.00 (from $160.00).
The analyst comments "As a discretionary retailer serving upper-middle income consumers whose EBIT% is 2x vs. '19 thanks in part to over-earning, we see WSM shares underperforming ahead of a softer macro. Based on recessionary category performance, JEF comps are cumulatively ~600 bps below Street through F'26. Based on rising promos, Street GM% is 50-60 bps too high in F'24 + F'25. d/ g to UNPF."
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 $117.61 yesterday.
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