Williams-Sonoma (WSM) Target Lifted to $72 at Jefferies Post Q4

Jefferies analyst John Marrin reiterated a Buy rating on Williams-Sonoma (NYSE: WSM) and raised his price target from $67 to $72 following Q4 results.

Marrin said, "The focus of our investment thesis on Williams-Sonoma has shifted from the robust early cycle recovery in discretionary spending among core upper-income customers to mid-cycle growth driven by: 1) unit expansion at West Elm; 2) the turnaround at the namesake Williams-Sonoma brand, 3) and early returns on its efforts to get market share overseas."

The firm trimmed FY 2014 EPS from $3.35 to $3.25.

For an analyst ratings summary and ratings history on Williams-Sonoma click here. For more ratings news on Williams-Sonoma click here.

Shares of Williams-Sonoma closed at $58.97 yesterday.

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