As previously reported, Gordon Haskett analyst Chuck Grom upgraded Williams-Sonoma (WSM) to Accumulate from Hold with a $68 price target after meeting with management. Following the meetings, and based on more upbeat than expected results from peer RH (RH), he has a higher degree of confidence about both the company's near-term results and its long-term options, Grom tells investors. He doesn't think the company's Q1 same-store sales growth outperformance "was a fluke" and believes the company's 2%-5% growth forecast could be conservative, Grom added.