Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on Williams-Sonoma (WSM) to $220 from $225 and keeps an Outperform rating on the shares. While there remains some near-term margin uncertainty caused by tariffs, the firm sees several structural benefits to the business, including revenue diversification, white space merchandise opportunities, flexible operating model, scale, a clean balance sheet, and a strong record of execution.
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