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Fly News Breaks for May 24, 2018
WSM
May 24, 2018 | 08:58 EDT
RBC Capital analyst Scot Ciccarelli raised his price target on Williams-Sonoma to $61 after its Q1 earnings beat, saying the quarter's strong comps of 5.5% were above 4.1% expected and helped to drive its expense leverage. The analyst adds however that while the results are encouraging, the company's longer-term margin structure warrants some concern and could remain pressured over time by competitive pricing and free shipping. Ciccarelli keeps his Sector Perform rating on Williams-Sonoma despite its "modest" valuation.
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