JP Morgan Maintains Underweight on Williams-Sonoma, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers has maintained an Underweight rating on Williams-Sonoma (NYSE:WSM) but increased the price target from $135 to $145.
November 17, 2023 | 3:38 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Williams-Sonoma but raised the price target from $135 to $145, indicating a potential downside risk but with a slightly more positive outlook.
The Underweight rating suggests that JP Morgan analysts believe Williams-Sonoma's stock may underperform the market or its sector. However, the increase in the price target could imply that the analysts see some positive factors that could support a higher valuation than previously estimated. The short-term impact is likely negative due to the Underweight rating, but the raised price target may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100