Credit Suisse Assumes Coverage On Home Furnishing Retailers

Credit Suisse analysts assumed coverage on home furnishing retailers.

Analysts stated, “Home Furnishings are one of the more difficult retail segments near term due to elevated promotional activity, increasing online competition, high omni-channel investments, and back-end weighted guidance.”

Bed Bath & Beyond Inc. BBBY assumed a Neutral rating and $70 price target.
Williams-Sonoma Inc. WSM maintained a Neutral rating and raised price target to $68
Pier 1 Imports Inc PIR assumed a Neutral rating and lowered price target to $13
Tuesday Morning Corporation TUES downgraded to Outperform and maintained $20 price target.