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

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In a report published Monday, Morgan Stanley upgraded its rating on Williams-Sonoma (NYSE: 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.

Latest Ratings for WSM

DateFirmActionFromTo
Jun 2016BTIG ResearchInitiates Coverage onSell
May 2016Topeka CapitalInitiates Coverage onBuy
May 2016SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for WSM
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

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