Form 4 WILLIAMS SONOMA INC For: Nov 23 Filed by: Brooks Jeremy

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Go back to Form 4 WILLIAMS SONOMA INC For: Nov 23 Filed by: Brooks Jeremy

Recession impacts on Williams-Sonoma (WSM) 'appear underestimated'

November 28, 2022 2:06 PM EST

Retailer Williams-Sonoma (NYSE: WSM) was cut to Underweight from Equal-Weight by Morgan Stanley analyst Simeon Gutman on Monday, also lowering the firm's price target on the stock to $100 per share from $150.

Gutman told investors in a research note that earnings revisions could turn sharply negative in 2023 as the "impacts of reversion, recession & normalizing promotions appear... More