ISI Group reduced its rating on Williams Sonoma WSM from Buy to Hold.
ISI Group commented, "We are downgrading WSM from a Buy to a Hold. The 40%+ move in the share price over the past year has brought the stock back to an appropriate premium to Bed Bath & Beyond (up just 8%). This makes the risk-reward more balanced, especially as the $200m capex trend appears likely to persist to maintain HSD growth."
Williams-Sonoma closed at $43.58 on Wednesday.
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