Williams-Sonoma price target raised to $160 from $150 at TD Cowen

TD Cowen analyst Max Rakhlenko raised the firm’s price target on Williams-Sonoma to $160 from $150 and keeps a Buy rating on the shares. The firm said the near-term macro for furniture is challenging, but they are constructive on the company’s medium-term outlook as the business is significantly healthier today than pre-pandemic when it relied on self-inflicting promos and is seeing compelling operational benefits.