Wedbush Upgrades Williams-Sonoma (WSM) to Outperform

Wedbush upgraded Williams-Sonoma (NYSE: WSM) from Neutral to Outperform with a price target of $92.00.

Analyst Seth Basham commented, "The primary factor behind our neutral view on WSM has been limited operating leverage. We now believe visibility to better-than-expected leverage in 2H15 is improving, leading us to raise our forecasts ahead of guidance. Coupled with expectations for continued top line momentum barring a spike in interest rates, earnings should exceed consensus in the coming quarters, in our view, likely leading WSM shares to OUTPERFORM (from NEUTRAL)."

For an analyst ratings summary and ratings history on Williams-Sonoma click here. For more ratings news on Williams-Sonoma click here.

Shares of Williams-Sonoma closed at $80.46 yesterday.

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