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Williams-Sonoma, Inc. (NYSE: WSM) reported Wednesday upbeat earnings for its fourth quarter.
The San Francisco-based company was able to sustain higher margins and delivered better-than-expected fourth quarter results and guidance for 2024, according to Goldman Sachs.
The Williams-Sonoma Analyst: Kate McShane upgraded the rating from Sell to Neutral, while rating the price target from $154 to $263.
The Williams-Sonoma Thesis: Despite negative comps, Williams-Sonoma generated better margins “by managing promotions and benefiting from freight costs, which offset deleverage,” McShane said.
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