Goldman Sachs Downgrades Williams-Sonoma (WSM) to Neutral, Cites Margins Peak
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Price: $241.58 -0.35%
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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