Morgan Stanley Upgrades Williams-Sonoma to Equal-Weight, Raises Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman upgraded Williams-Sonoma (NYSE:WSM) from Underweight to Equal-Weight and increased the price target from $155 to $270. This adjustment reflects a more positive outlook on the company's stock.
March 14, 2024 | 1:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Williams-Sonoma was upgraded by Morgan Stanley from Underweight to Equal-Weight, with a significant increase in price target from $155 to $270.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley, accompanied by a substantial increase in the price target, indicates a more optimistic outlook on Williams-Sonoma's stock. This is likely to be viewed positively by the market, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100