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Fly News Breaks for March 7, 2016
WSM
Mar 7, 2016 | 09:31 EDT
With Williams-Sonoma shares down 35% since the company reported Q2 results in August 2015, investor concerns appear overdone, Citi analyst Kate McShane writes in a research note. Concerns center around intensifying Competition and further margin pressure from discounting and free shipping, the analyst contends. McShane believes Williams-Sonoma's business model can compete effectively and she keeps a Buy rating on the name. The analyst reduced her price target for the shares to $75 from $82.
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