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Fly News Breaks for November 16, 2018
WSM
Nov 16, 2018 | 07:48 EDT
Credit Suisse analyst Seth Sigman maintained an Underperform rating on Williams-Sonoma and lowered his price target to $50 after the company reported weaker Q3 results with comps and EBIT below estimates. Looking to Q4, Sigman says the company's sales guidance range is "very wide," and says relatively low inventory levels combined with a greater focus on reducing promotions and maintaining margins could ultimately weigh on growth during what should be a very competitive Q4.
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