UBS Maintains Sell on Williams-Sonoma, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Atul Maheswari has maintained a Sell rating on Williams-Sonoma (NYSE:WSM) but increased the price target from $110 to $140.
November 17, 2023 | 3:51 pm
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UBS analyst Atul Maheswari reaffirms Sell rating on Williams-Sonoma but raises price target to $140, indicating a potential downside from current levels.
The maintenance of a Sell rating suggests that the analyst believes the stock will underperform the market or its sector in the short term. However, the increase in the price target could imply that the downside risk may be less than previously thought, or that the stock's market conditions have slightly improved. Despite the higher price target, the Sell rating still indicates an expectation of a negative performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100