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Fly News Breaks for May 25, 2017
WSM
May 25, 2017 | 08:25 EDT
SunTrust analyst David Magee says that Williams-Sonoma reported "solid" Q1 results. The analyst says that the company's international results were strong, while it "showed improvement in the 3 key variables needed for a higher valuation; i.e., stabilizing Pottery Barn sales, higher year-over-year product gross margins, and double-digit growth in the basket of newer businesses." The analyst expects the stock's valuation to rise "in coming quarters." He keeps a Buy rating on the stock.
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