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Fly News Breaks for June 20, 2018
WSM
Jun 20, 2018 | 07:19 EDT
Citi analyst Kate McShane downgraded Williams-Sonoma to Neutral from Buy with an unchanged price target of $67. The analyst cites valuation for the downgrade with the shares up 30% over the last month. She thinks the risk/reward is more balanced at current share levels given the likelihood of slowing comp growth as a result of tough compares and the ongoing uncertainty over the long-term trajectory of margins.
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