UBS Mintains a 'Neutral' on Williams-Sonoma (WSM); Emerging Story, Slowing Momentum

UBS maintains a 'Neutral' on Williams-Sonoma (NYSE: WSM) price target lowered from $38 to $32.50.

UBS analyst says, "WSM’s 2Q illustrated its favorable long-term, but showed slowing inertia - In many ways, WSM has an ideal story for today’s uncertain environment with a vibrant ecommerce business, a growing overseas presence and a strong cash position. However, the narrative is now missing the momentum behind a positive earnings cycle that had been the driver for the stock over the last couple of years. Without this engine to power the shares for the near-term, we think the stock will simply trade around its recent range."

For more ratings news on Williams-Sonoma click here and for the rating history of Williams-Sonoma click here.

Shares of Williams-Sonoma closed at $29.44 yesterday.

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