Williams-Sonoma price target lowered to $170 from $195 at Wells Fargo

Wells Fargo lowered the firm’s price target on Williams-Sonoma (WSM) to $170 from $195 and keeps an Equal Weight rating on the shares. The firm says that while Q4 impressed, the pullback makes sense. Shares had hung in, margin compares are hard, and 2025 is littered with macro/tariff uncertainty, Wells adds. On a positive note, the firm notes Williams-Sonoma was wise to include all tariffs, and a relatively de-risked guide limits downside.