Williams-Sonoma price target raised to $64 from $52 at RW Baird Baird raised its price target on Williams-Sonoma following better than expected Q1 results. The firm cited potential for international expansion, conservative guidance, and improved customer strategies. 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.