Nomura Securities Starts Williams-Sonoma (WSM) at Buy
Get Alerts WSM Hot Sheet
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
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Nomura Securities initiates coverage on Williams-Sonoma (NYSE: WSM) with a Buy rating and a price target of $85.00.
Analyst Jessica Schoen Mace states, "Williams-Sonoma’s (WSM) numerous store formats, strong retail brands, and its established ecommerce presence (44% of the business) should result in continued market share growth both in the U.S. and internationally, allowing it to exceed its planned mid- to high-single-digit revenue growth and low-double-digit to mid-teens EPS growth. Indeed, we expect above-consensus EPS in 2014 and 2015 of $3.25 and $3.70, respectively, due to continued comp results that exceed expectations, and the ability to leverage expenses."
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 $70.35 yesterday.
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