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.
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