Williams-Sonoma stock rose Thursday, helped in part by a price target increase from Telsey Advisory Group. The firm is confident that demand for home furnishings won’t end when the pandemic does.
Analyst Cristina Fernández reiterated an Outperform rating on Williams-Sonoma (ticker: WSM) and raised her target to $195 from $175. In recent discussions with Chief Executive Officer Laura Alber, the analyst writes, the CEO “sounded confident about the sustainability of home furnishings demand in 2021.”
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