BofA raised the firm’s price target on Williams-Sonoma to $298 from $250 and keeps a Neutral rating on the shares after the company reported Q4 EPS and gross margin well ahead of forecasts. The firm raised the multiple it applies to its FY26 EPS forecast given it expects the company will continue to take share in a fragmented market despite a challenging industry backdrop, but keeps a Neutral rating on shares as it believes near-term demand headwinds are offset by operating margins that are well ahead of pre-pandemic levels.
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