Williams-Sonoma price target raised to $200 from $185 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Williams-Sonoma (WSM) to $200 from $185 and keeps an Equal Weight rating on the shares. Management has demonstrated its ability to capture demand and grow share in a stabilizing Home Furnishings backdrop, but “elasticity will be key” in the second half as tariff headwinds are mounting and “substantial policy uncertainty remains,” the analyst tells investors in a post-Q2 note.