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Fly News Breaks for January 8, 2016
WSM
Jan 8, 2016 | 07:41 EDT
Buckingham downgraded Williams-Sonoma to Neutral and lowered its price target to $53 from $84 on shares. The firm recommends using Williams-Sonoma as a source of funds given the heightened promotional environment, intense competitive landscape, and mixed economic environment. The firm's analyst has increased concerns about the health of the high-end consumer and Pottery Barn's competitive positioning and its ability to maintain market share near-term without sacrificing additional margin.
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