Williams-Sonoma upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Williams-Sonoma (WSM) to Overweight from Sector Weight with an $181 price target The firm sees a buying opportunity for “patient investors” into this “high-quality businesses” following the recent share pullback. Williams-Sonoma offers “significant upside potential” over a two- to three-year time horizon, and investors should add positions, the analyst tells investors in a research note. KeyBanc believes the company is well positioned to navigate the near-term headwinds from recently enacted tariffs. It thinks Williams-Sonoma will benefit from tax policy changes, and eventually a recovery in housing and home-related spending.