Wedbush raised the firm’s price target on Williams-Sonoma to $280 from $230 and keeps an Outperform rating on the shares. The firm remains constructive on Williams-Sonoma into Q4 earnings on Wednesday. Although home furnishings demand weakened to finish end the fiscal year, Wedbush continues to believe that the industry is poised for improvement and should grow in the second half of 2024. Meanwhile, third party data points suggest Williams-Sonoma is stemming market share losses, setting it up to perform more in line with the industry in 2024, the firm adds.
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