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Fly News Breaks for June 9, 2017
WSM
Jun 9, 2017 | 07:18 EDT
SunTrust analyst David Magee says that the Street is "not paying enough attention" to William-Sonoma's international business. He thinks that the business will account for 10% of its profits and 30% of its EPS growth next year, and he predicts that its growth will accelerate. He thinks that this catalyst, along with what he sees as the company's " ongoing EPS stability and growing confidence in a housing bump from Millennials," should boost the stock. Magee keeps a $62 price target and a Buy rating on the shares.
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