An image of a man at his desk working using two monitors
Markets

Williams-Sonoma Upgraded to “Outperform” at Cowen (WSM)

Home goods retailer Williams-Sonoma, Inc. ( WSM ) on Wednesday caught a big upgrade from analysts at Cowen Group.

The firm said it boosted its rating on WSM from "Neutral" to "Outperform." Back in March, the analyst had upgraded WSM from "Underperform" to "Neutral," so Cowen clearly sees an uptrend for the company.

Williams-Sonoma shares, which have fallen nearly 14% year-to-date, rose 72 cents, or +2.3%, in premarket trading Wednesday.

The Bottom Line

Shares of Williams-Sonoma ( WSM ) have a 2.21% dividend yield, based on last night's closing stock price of $30.79. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $34 price level.

Williams-Sonoma, Inc. ( WSM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WSM

Other Topics

Stocks

Latest Markets Videos