RBC Capital analyst Steven Shemesh raised the firm’s price target on Williams-Sonoma (WSM) to $192 from $191 and keeps an Outperform rating on the shares. The company posted strong Q1 results with comp sales of 4.8% exceeding consensus of 3.7%. The company has also established a track record of managing margins better than its peers, and the firm expects Williams-Sonoma to remain a relative outperformer, RBC added.
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