Williams-Sonoma price target raised to $250 from $222 at BofA

BofA analyst Jason Haas raised the firm’s price target on Williams-Sonoma to $250 from $222 and keeps a Neutral rating on the shares. Although sales continue to revert closer to 2019 levels, the firm does not expect a full margin reversion and maintains a cautious outlook for demand, though it raised its price target to account for higher peer multiples, the analyst tells investors.