Barclays Upgrades Williams-Sonoma (WSM) to Equal Weight, Lifts PT to $166

Barclays upgraded Williams-Sonoma Inc. (NYSE:WSM) from Underweight to Equal Weight on Monday, while increasing its price target from $131 to $166. While Barclays remains concerned about the macroeconomic environment for big-ticket items, it anticipates less risk to Williams-Sonoma's FY2025 earnings and doesn't expect the company's fundamentals to underperform other discretionary stocks.

The analyst noted stable trends in Q1 and attributed the upgrade to recent assertive price adjustments by Williams-Sonoma Inc. (NYSE:WSM), which could boost sales and profit margins. The company's current guidance already accounts for the majority of existing tariffs, and recent stock performance was also a factor in the assessment.

Williams-Sonoma is an omnichannel specialty retailer of various products for the home. The company offers cooking, dining, and entertaining products. These include cookware, tools, electrics, cutlery, tabletop and bar, outdoor furniture, and a library of cookbooks. It also provides home furnishings, home decor products, and accessories. Williams-Sonoma also operates a 3-D imaging and AR platform for the home furnishings and decor industry.

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Disclosure: None. This article is originally published at Insider Monkey.