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Fly News Breaks for March 17, 2016
WSM
Mar 17, 2016 | 08:00 EDT
Baird said Williams-Sonoma's Q4 results showed company branded revenues decelerated and lower stock based expense/tax rate was needed to bring earnings in-line with guidance. The firm said the stock's valuation remains compelling for patient investors, noting that the company's outlook implies a reacceleration in the business. Baird maintained its Outperform rating and lowered its price target to $68 from $70 on Williams-Sonoma shares.
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