UPDATE: Morgan Stanley Upgrades Williams-Sonoma to Overweight, Names $54 PT

In a report published Monday, Morgan Stanley upgraded its rating on Williams-Sonoma WSM from Equal-Weight to Overweight, and named a $54.00 price target. Morgan Stanley noted, “Improvement in the Williams-Sonoma brand in our quarterly AlphaWise survey gives us growing conviction in upside to estimates, and we are 4% above consensus in ‘13. We see WSM emerging as an attractive growth story, with EPS growth of 15-18% and FCF/share growth of 20-24% in '13-‘15e.” Williams-Sonoma closed on Friday at $45.26.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!