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UBS raises Williams-Sonoma price target while maintaining sell rating
UBS has raised its price target for Williams-Sonoma to $140 while maintaining a Sell rating, citing concerns over the stock's valuation despite the company's strong financial performance and successful transition to a full-priced model. Analyst Michael Lasser noted potential challenges from cautious consumer spending and market volatility, even as the company reported a 7% year-over-year increase in diluted earnings per share to $1.96 for Q3 2024. Telsey Advisory Group and RBC Capital Markets have set higher price targets of $230 and $189, respectively, reflecting optimism about customer traffic and earnings growth.
ubs raises price target for williams-sonoma while maintaining sell recommendation
UBS analyst Michael Lasser raised the price target for Williams-Sonoma to $140 while maintaining a Sell rating, citing concerns over the stock's high valuation despite the company's strong financial performance and successful transition to a full-price model. The company reported third-quarter net sales of $1.8 billion and a 7% increase in diluted earnings per share, although comparable sales declined by 2.9%. Telsey Advisory Group and RBC Capital Markets both maintained Outperform ratings with price targets of $230 and $189, respectively, highlighting strong customer traffic and a robust holiday shopping season.
ubs raises williams sonoma price target while maintaining sell recommendation
UBS analyst Michael Lasser raised the price target for Williams-Sonoma from $135 to $140 while maintaining a "Sell" rating, citing concerns over the stock's high valuation despite the company's strong financial performance and successful transition to a full-price model. The company reported third-quarter revenues of $1.8 billion and a 7% increase in diluted earnings per share to $1.96, although comparable sales declined by 2.9%. Telsey Advisory Group and RBC Capital Markets both issued "Outperform" ratings with price targets of $230 and $189, respectively, highlighting strong customer traffic and earnings growth potential.
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