Williams-Sonoma (WSM) PT Lowered to $145 at Cowen

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Go back to Williams-Sonoma (WSM) PT Lowered to $145 at Cowen

RH, Williams-Sonoma downgraded at Barclays on weakening housing cycle

November 21, 2022 10:06 AM EST

Barclays analyst Adrienne Yih downgraded shares of Williams-Sonoma (NYSE: WSM) and RH (NYSE: RH) to Equal Weight in a note to clients Monday.

RH's price target was cut to $243 per share from $328, while Williams-Sonoma's price target was lowered to $114 from $192.

Yih said the firm is downgrading the stock based on a weakening housing cycle that they believe will have a trickle-down impact on home furnishing spending over the next 12... More