Williams-Sonoma shares do not fully reflect growth potential, says Canaccord Canaccord believes Williams-Sonoma's dominant e-commerce business remains undervalued and notes the company can protect its position through greater product exclusivity and more effective marketing. The firm does not believe investors fully appreciate e-commerce growth potential and reiterates its Buy rating with a raised price target of $57, up from $55.
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.