Goldman Sachs Maintains Sell Rating for Williams-Sonoma: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has reaffirmed its Sell rating on Williams-Sonoma (NYSE:WSM) but increased its price target from $127.00 to $144.00. Despite the upgrade in the price target, the new target still suggests a potential downside of 16.6% from the current share price of $172.66. Williams-Sonoma is a leader in the home category with various brand extensions and is expanding in B2B and franchise areas.
November 17, 2023 | 5:00 pm
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Goldman Sachs maintains a Sell rating on Williams-Sonoma but raises the price target to $144, indicating a potential 16.6% decrease from the current price.
The reaffirmation of the Sell rating by Goldman Sachs, despite the increase in price target, suggests that the investment bank sees Williams-Sonoma as overvalued at its current price. The new price target is still below the current trading price, which could lead to negative investor sentiment and a potential short-term decline in the stock price.
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