Williams-Sonoma price target raised to $175 from $150 at Wells Fargo

Wells Fargo analyst Zachary Fadem raised the firm’s price target on Williams-Sonoma to $175 from $150 and keeps an Equal Weight rating on the shares. Williams-Sonoma’s Q3 comps fell short again, but margin controls proved even better than expected, the analyst tells investors in a research note. The firm remains sidelined due to weaker sales and category checks.