RBC Capital raised the firm’s price target on Williams-Sonoma to $261 from $165 and keeps an Outperform rating on the shares ahead of its Q4 results. While progress in same store sales won’t be “linear”, the “wost” appears to be in the past for the company, the analyst tells investors in a research note. The firm has raised its comp sales estimate to down 5.6% from down 7.1% prior and contends that the current demand trends should hold throughout 2024, RBC added.
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