Williams-Sonoma price target raised to $241 from $164 at Citi

Citi raised the firm’s price target on Williams-Sonoma to $241 from $164 and keeps a Neutral rating on the shares ahead of the Q4 report. Demand trends remain weak, but 2024 is setting up as a year with fewer macro headwinds, the analyst tells investors in a research note. Citi believes 2024 should be the final year of EBIT margin pressure for the home furnishings retailers.