Morgan Stanley Maintains Underweight on Williams-Sonoma, Raises Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Underweight rating on Williams-Sonoma (NYSE:WSM) but increased the price target from $125 to $155.
November 17, 2023 | 1:13 pm
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Morgan Stanley reaffirmed an Underweight rating on Williams-Sonoma but raised the price target to $155, indicating a cautious outlook with a higher valuation estimate.
While the increase in price target could be seen as a positive signal, the Underweight rating suggests that Morgan Stanley believes the stock may not perform as well as its peers in the near term. The mixed message may lead to a neutral short-term impact on the stock price as investors weigh the higher price target against the cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100