Williams-Sonoma price target raised to $185 from $155 at BofA

BofA raised the firm’s price target on Williams-Sonoma (WSM) to $185 from $155 and keeps a Neutral rating on the shares after the company reported a Q3 top- and bottom-line beat and raised its FY25 net revenue and operating margin outlook. The firm sees balanced risk/reward as muted housing turnover and macro uncertainty are offset by share gains and operating margins that are well ahead of pre-pandemic levels, the analyst tells investors.