Home goods retailer Williams-Sonoma, Inc. ( WSM ) on Monday saw its price target lowered by analysts at Wedbush Securities.
The firm maintained its "Outperform" rating on WSM but lowered its price target from $46 to $43. That new target suggests a smaller 49% upside to the stock's Friday closing price of $28.88.
Williams-Sonoma shares were unchanged in premarket trading Monday. The stock has fallen more than 19% year-to-date.
The Bottom Line
Shares of Williams Sonoma ( WSM ) have a 2.35% dividend yield, based on Friday's closing stock price of $28.88. The stock has technical support in the $25 price area. If the shares can firm up, we see overhead resistance around the $30-$32 price levels.
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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
