Oppenheimer Rates Williams-Sonoma As Outperform

According to Oppenheimer, Williams-Sonoma (NYSE:
WSM
) shares now trade at about 14x NTM estimates consistent with trough levels of Aug. 2010. Oppenheimer said that this is well below a recent average of 17x. “We are optimistic that the company's Q2 (Jul) report later this month could spark a relief rally in shares. Our rating on WSM is Outperform.” Williams-Sonoma closed yesterday at $33.78.
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