Argus analyst Christopher Graja raised his price target on Williams-Sonoma to $80 and kept his Buy rating after its in-line Q3 earnings, with another "great" quarter at West Elm and a successful launch of new products. The analyst notes that a 16-times expected forward earnings for the next 4 quarters multiple, which is an unchanged valuation model from his prior research note, gives him a price target of $81. Graja also remains positive on Williams-Sonoma's "unique" merchandise and "excellent "tools for analyzing e-commerce and developing marketing plans.