Deutsche Bank Has Hold Rating On Williams-Sonoma (WSM)

Deutsche Bank has a Hold rating and a $30 price target on Williams-Sonoma WSM after the company reported earnings. In a note to clients Deutsche Bank writes, "This includes sales, margins and earnings gains as the company continues to take share and improve its infrastructure. But, with expectations high, comparisons becoming more difficult, and continued macro pressures, growth rates are likely to slow in coming quarters, leading to a stock pullback. Our recommendation balances strong operational results with high expectations and we maintain our Hold rating." Shares of WSM are down 9 cents in pre-market trading to $32.