Nomura Securities Starts Williams-Sonoma (WSM) at Buy

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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