Correction: Williams-Sonoma price target raised to $52 from $45 at RW Baird Baird raised its price target on Williams-Sonoma ahead of Q3 results. The firm believes healthy momentum across e-commerce suggests the potential for better than expected revenues but also believes the risk/reward is balanced. Shares are Outperform rated.
Piper cuts Williams-Sonoma on promotions, port situation Piper Jaffray downgraded Williams-Sonoma to Neutral from Overweight saying promotional activity has picked up in the current quarter while furniture delivery delays may arise from the West Coast ports situation. Piper keeps an $84 price target on the home products retailer. Shares closed yesterday down 41c to $81.70.