Could Williams-Sonoma Be a $72 Stock?
Although retailers and just about every other business in the market got doused with cold water yesterday after Federal Reserve Chairman Jerome Powell predicted a tough slog through a recession rather than a V-shaped recovery, Williams-Sonoma (NYSE: WSM) is still expected to see its stock soar 67% to $72 a share.
Barclays analyst Adrienne Yih maintained her overrating on the luxury home goods retailer, believing Williams-Sonoma should be able to capture greater e-commerce sales, and she gave a massive upgrade to her price target for the retailer, boosting it from her previous $48 per share level.
Image source: Williams-Sonoma.
Source Fool.com
