Williams-Sonoma price target raised to $184 from $160 at UBS

UBS raised the firm’s price target on Williams-Sonoma (WSM) to $184 from $160 and keeps a Neutral rating on the shares. The Q2 print should showcase a sequential improvement in comparable sales growth, but expectations also moved higher in recent weeks, the analyst tells investors in a research note. Williams-Sonoma stands to benefit from recovering demand for home furnishings and the potential for an interest rate cutting cycle starting later this year.