Citi lowered the firm’s price target on Williams-Sonoma (WSM) to $155 from $177 and keeps a Neutral rating on the shares. President Trump’s reciprocal tariff announcement is worse than expected and “significantly changes” Citi’s view of the broadlines and hardlines sector, the analyst tells investors in a research note. The firm’s biggest concerns include rising recession risk probability and a slowdown in consumer spending. This is a “significant risk” for the big-ticket exposed retailers and achieving 2025 guidance, contends Citi.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WSM:
- Williams-Sonoma management to meet with Telsey Advisory
- Williams-Sonoma announces inclusion in S&P 500
- Williams-Sonoma price target lowered to $220 from $230 at Telsey Advisory
- Microsoft initiated, Rivian downgraded: Wall Street’s top analyst calls
- Williams-Sonoma price target lowered to $170 from $190 at Wedbush