Wedbush raised the firm’s price target on Williams-Sonoma to $115 from $110 and keeps a Neutral rating on the shares ahead of quarterly results. The firm sees limited downside risk to Q4 results based on read-throughs from industry peers, still substantial backlog release support, and third-party data that suggests the company gained enough share during the period offsetting weak industry demand. On the other hand, we brace for what Wedbush expects will be soft 2023 sales guidance.
Published first on TheFly
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