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Fly News Breaks for March 15, 2018
WSM
Mar 15, 2018 | 06:36 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Williams-Sonoma to $55 after Q4 earnings, saying the company's "strategy of accepting lower selling margins drove higher gross profit dollars" while the outlook for FY18 was "rosier than anticipated". The analyst notes that the valuation on the stock of 13.1-times his new FY18 EPS estimate - revised to $4.20 from $3.71 - is appropriate for the company's growth profile, keeping his Hold rating on Williams-Sonoma.
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