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Odds of Williams-Sonoma Q2 miss are remote: Jefferies

Aug. 22, 2013 9:35 AM ETWilliams-Sonoma, Inc. (WSM) StockWSMBy: Colin Lokey, SA News Editor
  • "We believe the downside at current levels is limited as we head into the Q2 print next week," Jefferies says regarding shares of Williams-Sonoma (WSM +0.8%).
  • "The odds of a miss are fairly remote, in our view, and we believe there is an expectation that management will continue to guide very conservatively when it lays out its plan for the back half of the year," analyst John Marrin notes.
  • Price target raised to $67 from $52.

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