UPDATE: Credit Suisse Initiates Williams-Sonoma at Neutral on Merchandising, Margin Weakness - Williams-Sonoma (NYSE:WSM)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Credit Suisse initiated coverage on Williams-Sonoma (NYSE: WSM) with a Neutral rating and a $49.00 price target.Credit Suisse commented, "WSM from 20,000 feet represents what an investor should want in a retailer. 50% of sales should be e-commerce driven by 2015 and the company is a strong play on housing. … So Why Neutral? Two reasons: (1) a lack of merchandising consistency, particularly in the Williams-Sonoma brand; and (2) FY 13 and 14 estimates already embed a rich 40 bps of margin improvement each year on top of current peak EBIT margins. This may hard to achieve, even given the growth of housing and related spending that we expect."Williams-Sonoma closed at $44.90 on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!