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Fly News Breaks for November 20, 2015
WSM
Nov 20, 2015 | 09:02 EDT
Goldman removed Williams-Sonoma from the Conviction Buy List and reduced its price target to $76 from $92 on shares. Analyst Matthew J. Fassler said he remains constructive on Williams-Sonoma's brands and omnichannel positioning but said Q3 gross margins weakened more than expected, the Pottery Barn slowdown was surprising, and inventory growth outpaced sales growth.
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