UPDATE: Morgan Stanley Reiterates Williams Sonoma at Overweight on Continued Online & Store Sales Trends

In a report published by Morgan Stanley, analyst David Gober reiterated his Overweight rating and $54 price target on Williams Sonoma

. Morgan Stanley reported that, “We remain Overweight WSM shares and believe momentum will build throughout 2013 as investments from the past two years begin to pay dividends in significantly higher growth. Still, this is not a call on 4Q12 or '13 guidance, which we do not see as upside (or downside) catalysts.” Shares of Williams-Sonoma closed at $45.65 on Tuesday.