Morgan Stanley on Williams-Sonoma; "Best-Positioned."

In a research note released Monday, Morgan Stanley analyst Simeon Gutman initiated coverage on Williams-Sonoma Inc

with an Overweight rating and a price target of 82.0. 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, the analyst believes that the company will continue to report earnings per share on the upside. The analyst has issued earnings per share estimate of 3.73 which is 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 0.95 percent today and are up 23 percent year-to-date.