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Fly News Breaks for August 27, 2015
WSM
Aug 27, 2015 | 07:51 EDT
After Williams-Sonoma reported roughly in-line results and provided weaker than expected guidance, Oppenheimer says that the company "is performing well," while "transitory issues" negatively impacted its expenses and sales. The firm says that the company's perfromance was negatively impacted by lingering West Coast port issues, and by the lack of any new Williams-Sonoma brand product launches. Oppenheimer thinks that the company's recent trends have been "impressive," and it expects the company's results to rebound in coming quarters. Oppenheimer keeps a $90 price target and Outperform rating on the shares.
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