Williams-Sonoma price target lowered to $208 from $226 at Jefferies

Jefferies lowered the firm’s price target on Williams-Sonoma (WSM) to $208 from $226 and keeps a Buy rating on the shares following Q4 results. The firm noted that most retailers are excluding tariffs, yet CFO Jeff Howie has included the headwind in the company’s 2025 guidance and created an EPS floor in doing so. With the majority of 2025 guidance at-risk in retail if tariffs stay, stick with the de-risked guide, Jefferies told investors in a research note.