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Raymond James downgrades Williams-Sonoma (WSM) to Market Perform, down from its previous ratings...

Raymond James downgrades Williams-Sonoma (WSM) to Market Perform, down from its previous ratings perch of Strong Buy. It's a double-whammy for the retailer with Goldman Sachs also in the books with a cut to Neutral from Buy. Yesterday, the company disappointed the Street by only reiterating its guidance instead of lifting it to where analysts had set their targets. WSM -3.9% premarket.
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