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Williams-Sonoma Stock Falls on Downgrade. Spending on Furniture Could Drop.

Por: MarketWatch Business October 24, 2022

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“Based on these prior recessions, going forward, we believe it’s not unreasonable to expect the furniture spend for ’s core demographic to decline in the [mid-single digit percentage] range next year,” he wrote in a research note on Monday. Matuszewski lowered his rating for the stock to Underperform from Hold, and cut his price target to $100 from $160. The stock fell 4.5% to $112.34 on Monday, while the ticked up 0.3%. The shares are... + full article



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