Oppenheimer Downgrades Williams-Sonoma (WSM) to Perform On Margin Pressure
Get Alerts WSM Hot Sheet
Price: $314.02 --0%
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 9 | Down: 8 | New: 10
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 9 | Down: 8 | New: 10
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Before the open, Oppenheimer downgraded Williams-Sonoma (NYSE: WSM) from Outperform to Perform with a price target of $37 (down from $47).
The firm notes the fundamental story for Williams-Sonoma has played out. While recent margin weakness will weigh on the shares near term, longer term prospects remain compelling the firm noted. The downgrades reflects the firm's view that "competitive promotion driven margin degradation no matter how acute should limit multiple expansion near term."
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 $33.85 yesterday.
The firm notes the fundamental story for Williams-Sonoma has played out. While recent margin weakness will weigh on the shares near term, longer term prospects remain compelling the firm noted. The downgrades reflects the firm's view that "competitive promotion driven margin degradation no matter how acute should limit multiple expansion near term."
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 $33.85 yesterday.
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