Telsey Advisory analyst Cristina Fernandez raised the firm’s price target on Williams-Sonoma to $146 from $135 and keeps an Outperform rating on the shares ahead of the Q2 report on August 23. The firm says the company should benefit from selling smaller ticket decor, baby, and kitchen items, as well as its exclusive collaborations. Demand for home furnishings softened further during Williams-Sonoma’s Q2 relative to Q1, the analyst tells investors in a research note.
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