Goldman Sachs Upgrades Williams-Sonoma (WSM) to Buy
Goldman Sachs analyst Kate McShane upgraded Williams-Sonoma (NYSE: WSM) from Neutral to Buy, PT $218.00.
The analyst comments "Williams Sonoma to Buy, price target of $218 - We have been waiting for some time for a better entry point for Williams Sonoma, and we think this is the right level with the stock ~14% off its recent highs in February . With one of the strongest portfolio of brands in retail and the opportunity for sales growth acceleration still ahead of them (from both unit and comp growth), we think the stock has ~14% upside from current levels. Although the still muted housing environment will temper top-line growth and a delayed impact of higher tariff costs will put some pressure on margins (both in the shorter term), we think these are temporary headwinds."
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 $189.13 yesterday.