Williams-Sonoma (WSM) PT Lowered to $70 at Credit Suisse Post Q3

Credit Suisse analyst S. Sigman reiterated a Neutral rating and lowered its price target on Williams-Sonoma (NYSE: WSM) to $70.00 (from $80.00) following in-line Q4 results but lower guidance.

Sigman commented, "WSM delivered a relatively in line Q3 (after adj for a lower tax rate), but had weaker gross margins, and guided Q4 below the Street (though also tax related) which may pressure the stock."

Estimates were lowered accordingly.

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 $66.21 yesterday.

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