BofA reinstates Williams-Sonoma at Buy, cites structural share gains
Bank of America has reinstated coverage of Williams-Sonoma (WSM) with a Buy rating and a $250 price target, citing its position as a "quality compounder in consumer discretionary" with structural market share gains. BofA highlighted Williams-Sonoma's focus on an "affordable luxury" demographic, its diversified brand portfolio including strong momentum at West Elm, and stable operating margins. The bank anticipates 4-5% comparable sales growth over the next two to three years, suggesting positive EPS revisions are possible even without improved housing metrics.
https://www.investing.com/news/stock-market-news/bofa-reinstates-williamssonoma-at-buy-cites-structural-share-gains-4739896