UPDATE: Morgan Stanley Initiates Coverage On Williams-Sonoma
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
|Feb 2017||Telsey Advisory Group||Downgrades||Market Perform|
|Jan 2017||Loop Capital||Initiates Coverage On||Hold|
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