Williams-Sonoma price target raised to $123 from $116 at Barclays

Barclays analyst Seth Sigman raised the firm’s price target on Williams-Sonoma (WSM) to $123 from $116 and keeps an Underweight rating on the shares post the Q3 report. The firm increased estimates but says that while Williams-Sonoma’s sales improved modestly sequentially, its multi-year growth rates continue to slow, which, along with an uncertain housing backdrop, makes it difficult to see a positive inflection in the near term.