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UPDATE: Morgan Stanley Initiates Coverage On Williams-Sonoma

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Is Williams-Sonoma a Great Stock for Value Investors?

In a research note released Monday, Morgan Stanley analyst Simeon Gutman initiated coverage on Williams-Sonoma (NYSE: WSM) with an Overweight rating and an $82 price target.

The analyst believes that the company is, “among the best-positioned names in our coverage as it is well equipped for the current economic recovery and emerging omni-channel transition.”

In addition, Gutman believes that the company will continue to report earnings per share on the upside. The analyst has issued an EPS estimate of $3.73, three percent higher than consensus estimates.

The analyst is also seeing the Williams-Sonoma namesake brand “emerging in 2015” in both physical stores and online.

Shares of the company are up 1.44 percent.

Latest Ratings for WSM

DateFirmActionFromTo
May 2017Gordon HaskettInitiates Coverage OnAccumulate
Mar 2017William BlairDowngradesOutperformMarket Perform
Feb 2017Telsey Advisory GroupDowngradesMarket Perform

View More Analyst Ratings for WSM
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Simeon GutmanAnalyst Color Price Target Initiation Analyst Ratings

 

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