Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Williams-Sonoma to $125 from $100 and keeps an Underweight rating on the shares following better than expected Q2 EBIT and EPS results and raised FY23 EBIT margin guidance. With the stock trading at the high-end of its range, the firm still sees downside risk to FY23, FY24 and FY25 estimates, the analyst tells investors.
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