Williams-Sonoma price target raised to $190 from $175 at Wedbush

Wedbush raised the firm’s price target on Williams-Sonoma (WSM) to $190 from $175 and keeps a Neutral rating on the shares. The firm remains sidelined on Williams-Sonoma into Q4 earnings in March. Industry/3P data and competitor read-throughs suggest upside to Q4 estimates, but the near-term outlook appears increasingly uncertain, Wedbush argues. The threat of tariffs and political uncertainty has weighed on consumer confidence and sentiment, but the ultimate impact on discretionary spending and the inflationary outlook are difficult to forecast, says the firm.