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Fly News Breaks for May 24, 2018
WSM
May 24, 2018 | 06:42 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Williams-Sonoma to $58 after its Q1 earnings, saying the results underscore the company's position as the "premier omnichannel retailer" maintaining its relevance in spite of increased competition. The analyst keeps his Hold rating however, adding that despite the EPS beat and the highest growth rate of e-commerce since FY14, Williams-Sonoma selling margins remain under pressure despite the "multiple tailwinds".
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