Morgan Stanley Downgrades Williams-Sonoma To Equalweight

Analysts at Morgan Stanley downgraded Williams-Sonoma WSM from Overweight to Equalweight. The target price for Williams-Sonoma has been lowered from $82 to $74. Williams-Sonoma shares have surged 31.46% over the past 52 weeks, while the S&P 500 index has gained 22.33% in the same period. Williams-Sonoma's shares dropped 10.52% to $67.01 in pre-market trading.