Morgan Stanley Upgrades Williams-Sonoma to “Overweight” (WSM)
Home product retailer Williams-Sonoma, Inc. (WSM) was upgraded at Morgan Stanley on Monday.
The analysts upgraded WSM from “Equal-weight” to “Overweight” with a price target of $54. That valuation is a +19% increase from Friday’s closing price of $45.26.
Morgan Stanley believes at Williams-Sonoma’s business is improving and forecasts double-digit annual growth over the next few years.
Williams-Sonoma shares were flat in premarket trading on Monday. The stock is up +19.11% year-to-date.
The Bottom Line
Shares of Williams-Sonoma (WSM) have a 1.94% dividend yield, based on Friday’s closing stock price of $45.26. The stock has technical support in the $41-$44 price area. The stock is trading near its all-time highs of $48 a share.
Williams-Sonoma, Inc. (WSM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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