TD Cowen analyst Max Rakhlenko lowered the price target on Williams-Sonoma (NYSE: WSM) to $225.00 (from $250.00) while maintaining a Buy rating.

The analyst commented: "Remain Constructive On The Set Up Despite Plenty Of Puts & Takes; Lots of moving pieces, but ultimately not much changes as we expect FY26 est. to remain roughly similar. We think WSM is doing a good job of growing market share & managing tariff headwinds despite volatile margins. High-end of comps guide is ambitious but mid-point looks achievable while the margin guide is solid with the high end feasible. WSM is our top furniture pick but we lower PT to $225."